General
Australian shares open lower after inflation fears rise again in the US
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.
About half the sectors were up, though, with real estate stocks, education firms, oil and healthcare leading the gains.
Going up were gold miner Evolution Mining (+3.3pc), network firm Service Stream (+3.3 pc) and Virgin Money (+3.6 pc).
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