Thanks afternoon crew.
End-of-day summary:
The share market closed at its lowest in almost a year as Australian bond yields followed their US counterparts to multi-year highs.
The ASX 200 fell for a third day, finishing 57 points or 0.82% lower at 6844. Today's close was the index's weakest since October 28 last year.
The energy, materials and industrial sectors led the the retreat. The search for havens lifted healthcare providers, supermarkets and utilities.
A bond market sell-off continued with the yield on 10-year Australian government bonds touching a fresh 12-year high at 4.814%. Today's rally came after the US 10-year yield broke 5% for the first time since 2007.
The ASX paid minimal heed to a modest rebound in US equity futures from Friday's losses. S&P 500 futures edged up 0.2% this afternoon. On Friday, the S&P 500 dropped 1.26% as bond yields rose, Israel continued to shell Gaza and investors reduced their risk exposure ahead of the weekend.
- Forums
- ASX - Day Trading
- Day traders' after-market lounge October 23
Thanks afternoon crew. End-of-day summary: The share market...
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online