Australian Shares Fall 0.4% as Miners Weigh on ASX 200
The S&P/ASX 200 fell 0.4% to 8,762.80 by 0104 GMT as weaker mining shares outweighed bank gains. The report cited softer commodity prices and escalating Houthi attacks on Saudi Arabia.
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The S&P/ASX 200 fell 0.4% to 8,762.80 by 0104 GMT as weaker mining shares outweighed bank gains. The report cited softer commodity prices and escalating Houthi attacks on Saudi Arabia.
Oct 15 (Reuters) — Australian shares hit a two-week low on Thursday, led by a sell-off in heavyweight miners, with banks limiting further declines as investors turned cautious after a hot US inflation print stirred bets on another Federal Reserve rate hike. The S&P/ASX 200 index fell 1% to 8,644.20 points by 2340 GMT,
Financials post highest close since early September Miners slide 2.2%; Rio Tinto falls 2.4% Asian technology stocks slide after Wall Street selloff (Updates to close) By Nichiket Sunil and Shravya Marakini Oct 13 (Reuters) — Australian shares recouped early losses on Tuesday, with gains in heavyweight banks countering
Australian shares were set to rally for a third straight session on Tuesday, as falling oil prices eased inflation concerns and record Wall Street gains boosted risk appetite, lifting miners and banks. The S&P/ASX 200 index rose 0.5% to 8,729.00 by 0017 GMT.
The MSCI's gauge of stocks across the globe rose 0.7%. The Nasdaq Composite reached a record closing high, lifted by Nvidia and Microsoft. The euro stumbled to a 17-month low against the dollar, and the 10-year US Treasury yield rose to a fresh 24-year high.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
Financials led gains while miners fell for a third straight session. Northern Star Resources rose 6.2% after rejecting a takeover proposal from Gold Fields.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem