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ASX 200 ends flat; Bank of Qld soars on FY22 result; CBA to require clients to have climate plan

ASX ends unchanged as investors await US inflation data. Bank of Qld surges on result, Coronado up on Peabody talks, iron ore hits miners and CBA to require clients to have climate plan.

Company earnings season continues with the Commonwealth Bank holding its annual meeting on Wednesday while the Bank of Queensland is due to release its financial accounts. Picture: Gaye Gerard
Company earnings season continues with the Commonwealth Bank holding its annual meeting on Wednesday while the Bank of Queensland is due to release its financial accounts. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, October 12. The Australian sharement was unchanged as investors await this evening's US inflation numbers which is expected to show an annual contraction in CPI.

The S&P/ASX 200 closed 2.51 points higher to 6647.50 with all sectors except for banks and real estate in the red.

Wall Street closed lower with the S&P 500 index down 0.6 per cent, the Nasdaq dropped 1.1 per cent and the Dow Jones Industrial Average index edged 0.1 per cent higher.

US 10-year bond yields rose to 3.94 per cent, while two-year yields are down slightly at 4.31 per cent.

Bank of England chief Andrew Bailey said Tuesday bond investors have three days left until the British central bank phases out emergency bond-buying efforts.

Brent crude slid 2 per cent to $US94.29 per barrel and the US Nymex fell 2 per cent to $US89.35 per barrel.

Iron ore futures fell by 0.4 per cent to $US96.97 a tonne.

The dollar was near US62.72c at the open.

Originally published as ASX 200 ends flat; Bank of Qld soars on FY22 result; CBA to require clients to have climate plan

Read related topics:Climate Change

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Original URL: https://www.couriermail.com.au/business/asx-to-fall-wall-street-turns-lower/live-coverage/1c661009f32052d2ee4109b1e365c2c5