Business
ASX falls for third consecutive day on fears of rate rise in US – NEWS.com.au
ASX falls for third consecutive day on fears of rate rise in US
Australias sharemarket has hit its lowest point in five weeks after US inflation figures sparked fears of a spike in interest rates. The S&P/ASX 200 index fell 62.2 points or 0.9 per cent to 6882.7 while the All Ordinaries tumbled 72.1 points or 1 per cent to 7209.
Local stocks were quick to follow sharp falls on Wall Street, with the three major US indices tumbling more than 2 per cent after the release of inflation data that pointed to a potential interest rate hike by the Federal Reserve.
The…
-
Noosa News8 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
Noosa News15 hours agoMollie O’Callaghan admits to doubts, wins gold at Australian Open Swimming Championships
-
General21 hours agoFounder Schwab quits as World Economic Forum chair
-
General9 hours agoNSW Police to provide update on Sydney woman’s kidnap from Bankstown home and killing