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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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  • Bull1973
    ·2022-12-06
    Ok
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  • Goupppppppp
    ·2022-12-06
    Ok
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  • Gackky
    ·2022-12-06
    wow
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  • HLPA
    ·2022-12-06
    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. 
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    • CCX888
      good
      2022-12-06
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    • ShawnKoh1
      ok
      2022-12-06
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    • kokwah
      T
      2022-12-06
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  • Sephiro
    ·2022-12-06
    Ok
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  • Worpeng2002
    ·2022-12-06
    Ok
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    • ngjr90
      Like
      2022-12-06
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  • AlanChong
    ·2022-12-06
    Like
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    • ackk
      done
      2022-12-06
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    • Newbie_21
      Ok
      2022-12-06
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  • QJ89
    ·2022-12-06
    Ok
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