ASX Slips 0.5 Per Cent Amid Fed-Rate Jitters

Australian Financial Review2022-12-06

Australian shares opened Tuesday trade down 0.5 per cent to 7,289.2 after US stocks were hit by Fed-interest rate rise jitters.The S&P 500 fell 1.8 per cent as of 4 pm New York time afterservices data...

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Comments

  • Bull1973
    2022-12-06
    Bull1973
    Ok
  • Goupppppppp
    2022-12-06
    Goupppppppp
    Ok
  • Gackky
    2022-12-06
    Gackky
    wow
  • HLPA
    2022-12-06
    HLPA
    The Australian stock market is always the first to react to events and news which take place over the US stock markets the night before. This slip of 0.5% is slightly too much, I think, as 89% of analysts expect a rate hike of 50 basis points on Dec 14th. The worry here is that the FED would continue its hawkish stance an inflict a 75 points pain again after the release of PMI numbers indicating that the fight against inflation is not done yet. Australian stock prices have been trading sideways at their lows and this will be a great opportunity ro pick up stocks  like ANZ, BLD, CGF, STO and WDS. 
  • Sephiro
    2022-12-06
    Sephiro
    Ok
  • Worpeng2002
    2022-12-06
    Worpeng2002
    Ok
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