Afternoon trading September 6

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market added to yesterday's losses after rising energy prices reignited fears of more rate rises to control inflation.

Energy was the only sector to resist the downtrend, gaining 1.4% while the ASX 200 dropped 41 points or 0.56%. Oil and gas producers rallied after Saudi Arabia and Russia extended production cuts through to the end of the year. Crude oil prices jumped to their highest since November.

Rate-sensitive tech stocks led the retreat as the threat of higher rates boosted bond yields. The yield on the ten-year Australian government bond rose for a third session to a two-week high.

In economic news, the economy continued to expand last quarter as supply-chain constraints eased. Gross domestic product expanded by 0.4%, lifting annual growth to 3.4%.

Personal trading: Frustrating session. LLC usually swings a bit during the day, so I took it but no rebound so far. Meanwhile all the trades I discounted for perfectly sound and rational reasons would have been profitable. Grrr....