Business
What strong jobs data means for ASX 200 shares
ASX 200 shares are off to a shaky start on Wednesday despite some positive economic indicators in recent days. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is trading 0.47% lower at 6,638.20 points with some big names heading lower.
Why are ASX 200 shares trending lower?
Financials and health care shares are trading lower this morning with the major banks all dragging on the index’s performance.
The Commonwealth Bank of Australia (ASX: CBA) share price is down 0.4% to $82.89 while CSL Limited (ASX: CSL) shares have slumped 1.6% to $280.97.
These are two of the biggest names that have contributed to Wednesday’s losses. This is despite oil prices reaching a 10-month high.
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