The ASX 200 rose 29 points (0.36%) to 8250, marking a potential third consecutive day of gains amid lighter trading volumes. Key upcoming events include US tech earnings and Australian Q3 inflation data, with expectations that a lower trimmed mean inflation could prompt an RBA rate cut. Notable stock movements included ZIP surging 12.37% after a strong Q1 update, while major banks and mining stocks also saw gains ahead of their quarterly reports.
Vale, BHP, and their joint venture Samarco have reached an agreement to pay 170 billion reais ($29.85 billion) in compensation for a catastrophic dam collapse in Brazil. This settlement could resolve over a hundred lawsuits against the companies domestically and potentially reduce legal actions internationally.
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