Commodity prices weighed on the S&P/ASX 200, sending the local bourse lower for a third day.
A sell-off in the mining sector on Monday dragged the Australian sharemarket lower, weighed down by a weak iron ore price amid concerns about Chinese demand for steel. Base metals were also lower.P/ASX 200 fell for a third day, dropping 0.1 per cent to 7322 after a subdued day of trading ahead of the ANZAC day public holiday and key inflation data on Wednesday. The All Ordinaries also finished 0.1 per cent lower to 7512.2.
the RBA will lift the cash rate in May, ascribing a 35 per cent chance of a quarter of a percentage point increase.P 500 finishing up just 0.1 per cent, it was commodity markets that drove price action on the local bourse. Mining and energy were the only two sectors out of 11 to finish in the red. Gold stocks also hit the skids with Northern Star Resources off 1.2 per cent at $13.59. Sandfire Resources dropped 3.1 per cent to $6.53, and West African Resources fell 3.5 per cent to 98c.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 finished the day down on Monday by 0.11 per centSky News Business Editor Ross Greenwood says the ASX 200 finished the day down on Monday by 0.11 per cent.
Read more »
ASX LIVE: ASX to slip, Wall Street’s new VIX, CPI in focusShares drop at open. BlueScope upgrades earnings guidance. South32 March quarter production lowers. Big US tech results pending. Consumer price data tops agenda. Duratec upgrades revenue guidance. Follow Markets Live.
Read more »
ASX LIVE: ASX to slip, Wall Street’s new VIX, CPI in focusShares drop at open. BlueScope upgrades earnings guidance. South32 March quarter production lowers. Big US tech results pending. Consumer price data tops agenda. Duratec upgrades revenue guidance.
Read more »
ASX to slip, CPI tops this week’s agendaAustralian shares are set to edge lower. $A retreats. First-quarter inflation data on Wednesday. US big tech takes centre stage.
Read more »
Stockholders should ‘watch out’ for mining prices like lithiumCommSec’s Craig James says stockholders should “watch out” for mining stock prices like lithium. “Chile’s plans to nationalise the lithium industry certainly had an impact on some of the mining stocks particularly in Europe over the weekend,” he told Sky News Australia. “What we saw in terms of commodity prices – copper down one per cent, aluminium down one and a half percent, iron ore down 1.8 per cent.” Presented by CommSec.
Read more »
Chris Packham calls for ‘every last person who cares’ to join XRWildlife presenter urges people to join action on climate crisis during mass protest supported by more than 200 organisations
Read more »