Live updates: ASX gains 0.5pc after surprise US job data sent Wall Street higher on Friday's close, Arcadium shares soar as Rio Tinto confirms takeover bid for the lithium miner

Surprisingly robust US jobs data drove Wall Street higher on Friday and that momentum has flowed through to the ASX which is up 0.5pc heading into the afternoon session. Follow the day's events and insights from our business reporters on the ABC News