Investors dodge the ASX as a rate rise looms
Alex GluyasMarkets reporter
Australia’s sharemarket is falling further behind its global peers as the risk of another rate increase from the Reserve Bank of Australia threatens to derail a rebound in corporate earnings.
It comes as the S&P 500 closed above 5500 points for the first time in history overnight, extending a dazzling rally that has added more than $US16 trillion ($24 trillion) to the US benchmark from a low in October 2022.
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Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com
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