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Australian shares are losing for the second straight session on Wednesday, with the benchmark S&P/ASX 200 staying a tad above the 7,000 mark, following the broadly negative cues from global markets overnight, as traders cautiously await Australia's monthly inflation data for more clues on the outlook for domestic monetary policy.
The Australian stock market is modestly lower on Monday, giving up the slight gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the broadly negative cues from Wall Street on Friday, with weakness across most sectors, led by miners and technology stocks.
Asian stock markets is trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as worries about inflation, higher interest rates and economic slowdown weighed on the market after the US Fed forecast another rate hike before the end of the year and indicated they may leave rates higher for longer than previously anticipated through 2024.
The Australian stock market is sharply lower on Friday, extending the losses in the previous four sessions, with the benchmark S&P/ASX 200 falling below the 7,000 mark, following the broadly negative cues from global markets overnight, with weakness across most sectors, led by heavyweight mining stocks and technology stocks.
Extending the losses in the previous three sessions, the Australian stock market is significantly lower on Thursday, with the benchmark S&P/ASX 200 staying above the 7,100 level, mirroring the broadly negative cues from Wall Street overnight, as traders reacted to the US Fed's signals of keeping interest rates higher through 2024, despite the decision to hold interest rates steady this month.