Australia shares slip on elevated yields and oil prices

(Updates to close) Miners, banks lose most in a week Investors await RBA minutes on Oct 13 Uranium miners jump on Google-Constellation Energy deal By Jasmeen Ara Islam Shaikh Oct 7 (Reuters) — Australian shares ended slightly lower in a choppy session on Wednesday, as investors kept to the sidelines with global yields and oil prices remaining elevated. 2% earlier. The benchmark rose over 1% in the previous three sessions. 3% after a recent sharp bond selloff, lowering investors' risk appetite, and oil prices rose due to a storm threat in the Gulf of Mexico and escalating Saudi-Houthi tensions.

O/R US/ Equities are holding up despite elevated bond yields, with global earnings doing the heavy lifting, but it is becoming increasingly difficult, particularly for longer-duration growth stocks, to continue their rally into the year-end, said Hugh Lam, investment strategist at Betashares. Rising yields indicate expectations of higher borrowing costs for governments and companies, along with expectations of persistent inflation. 6%, logging their worst session in nearly a week. 2%.

Markets are awaiting minutes of the Reserve Bank of Australia's policy meeting next week for a peek into policymakers' thoughts on inflation that forced the central bank to raise rates to a 15-year high last week. September-quarter consumer price data due at end-October could give further cues on rate trajectory. 3%, tracking lower copper prices. 6%.

5%, lifted by uranium miners after Google signed a 20-year power purchase agreement tied to nuclear energy generation. 6%. 04 points. com)