The ASX is set to open lower at the beginning of trade on Monday, while Westpac has announced its new chair. Follow our blog for all the latest on markets as trading begins for the week.
And the biggest companies in Australia, by market cap? It's BHP, with a few others in the mix.Someone who isn't even on the board of Westpac will be the next chair: Steven Gregg.“It’s an honour to be appointed Chair of Westpac. Westpac is a wonderful company, the oldest company in the country, the first bank, and an organisation that has so much potential. I look forward to making a big contribution.
“From my observation, Westpac is in a period of transition. After the hard work of simplification over the past three years, now is the time to look forward and have a strong ambition. “There are so many things to look forward to at Westpac: working with a great team, taking the organisation to the next level and helping it move forward.
Mr Gregg is retiring as a non-executive director of Challenger Financial Group Limited and will set aside as chair and non-executive director of The Lottery Corporation in the first quarter of the 2024 calendar year.Australian dollar: Flat at 66.52 US centsFTSE : -0.6% to 7,599.60 pointsBrent crude: $US95.59/barrelLive updates on the major ASX indices:Jumping on to start the blog, ahead of the beginning of the stock trading week at 10AM AEDT.
Already we've got news to share, as we see how shares will fare with the global turmoil and domestic news that's happened over the weekend.
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