At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is pushing higher again. The benchmark index is currently up 0.7% to 7,305.4 points.
Here's what's happening on the ASX 200 on Friday:
EML Payments shares sink
The EML Payments Ltd (ASX: EML) share price is crashing lower today after releasing an update on regulatory action by the Central Bank of Ireland (CBI). According to the release, the CBI is planning to take action against its PFS Card Services (Ireland) business. Management has warned that the potential directions "could materially impact the European operations of the Prepaid Financial Services (PFS) business."
Mining shares lift ASX 200
One area of the market helping to drive the ASX 200 index higher today is the mining sector. The likes of BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shares are pushing higher following a decent night for base metals. Copper, nickel, and aluminium prices all pushed higher amid global economic growth optimism.
ANZ BNPL offering
The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is struggling today amid broad weakness in the banking sector. Not even news that the bank is planning to offer a buy now pay later solution with its credit cards has been able to support its shares. Once launched in 2022, the new Visa Instalments feature will provide ANZ credit card customers with an option at the checkout or online to make purchases through interest free instalments across a wide range of terms.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Friday has been the Chalice Mining Ltd (ASX: CHN) share price with a 5% gain. This is despite there being no news out of the gold explorer. The worst performer has been the EML Payments share price with a 14% decline following the update on its Ireland business.
