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What are your thoughts on IRESS and EQT walking away from acquisition talks?

ASX closed lower; IRESS tumbled 10% as EQT walks away; Cettire soared on retail sales

The ASX200 closed 0.76% lower at 7403.70 on Friday.

IRESS tumbled more than 10% following EQT acquisition talks ending.

Cettire soared almost 14% on US retail sales strength in August.

The Australian market closed 0.76% lower on Friday at 7403.70 as a fall in iron ore and gold prices caused gold mining, metals and materials stocks to tumble. For the week the ASX is virtually unchanged.

Tech stocks rallied on Friday as Wisetech Global gained just under 3.5%, Megaport added more than 3.2% and Afterpay finished the session 3.1% higher.

Bitcoin is trading 0.88% lower over the last 24-hours at US$47872.84 at 4:30pm AEST.

Shares in financial services software provider IRESS tumbled more than 10% today after takeover talks with EQT came to an end today. IRESS announced that discussions with EQT had ceased as the parties were unable to come to an agreement for the transaction.

Making headlines, Australian-based online luxury retail platform Cettire soared almost 14% today following stronger than expected retail sales in the US overnight, exciting investors for Cettire’s FY22 performance. Cettire also has the backing of a number of wealthy Australians.

And Microsoft is going passwordless for business users of its products from March 2022, by introducing fingerprint reading or other secure unlock methods to gain access to their accounts.

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