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As it happened: ASX closes flat at 6590, materials outperform

Summary

  • The S&P/ASX 200 added just 1.6 points on Wednesday, a 0% move, to 6590.2 points 
  • The S&P500 and Nasdaq closed at record highs on Wall Street this morning but US futures have sagged, pointing to losses tonight
  • The Australian economy is back growing again, swelling by a better-than-expected 3.3% in the three months to the end of September
  • Westpac has told investors it will sell two general insurance businesses to Allianz for $725m

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