Mid-Session 27 May 19: ASX 200 treads water at the start of a new trading week

The ASX 200 has traded in and out of negative territory with a lack of direction on Monday in early trade. Banks are the main weight on the Index with all of the big four lenders lower by as much as 0.5% at lunch time. On the other side of the ledger iron ore miners are higher by at least 1% as the price of the steel making ingredient continues its recent march higher. Vocus Communications (VOC) is the standout improver with a gain of 20% in response to takeover bid from private equity group EQT. The Aussie dollar is trading back above 69 US Cents help by another surge in iron ore prices.

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