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ASX opens lower as inflation fears, interest rates rise again in the US – ABC News
The share market boost from the $2.5 trillion stimulus sugar hit in the US is fading as interest rates rise again and Australian stocks open the week in the red….
Australian shares have slipped in early trade as the boost from the Biden administration’s $US1.9 trillion ($2.5 trillion) stimulus faded.
Key points:
- Australian shares open lower as US stimulus boost fades, with falls led by miners
- Australian dollar steady at 77.63 US cents
- Dow Jones up 0.9 per cent to 32,779, S&P 500 up 0.1 per cent to 3,943 and Nasdaq down 0.6 per cent to 13,320
At 11:10am AEDT, the All Ordinaries were down 0.3 per cent to 6,991.
The ASX 200 index was off 0.4 per cent to 6,740….
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