ASX 200 snaps winning streak; Newcrest surges on Newmont bid, iron ore falls on China concerns
ASX 200 snaps three-day winning streak. Iron ore tumbles on demand concerns. Newcrest at seven-month high. Nick Scali profit soars. Downer lands Qld rail contract.
Welcome to the Trading Day blog for Monday, February 6. The Australian sharemarket ended a three-day winning streak amid jitters about the US share market outlook as strong US economic data increases interest rate bets.
The S&P/ASX 200 index fell 0.3 per cent to 7539.00 with seven of the 11 sectors in the red.
Wall Street stocks fell on Friday after a strong January jobs report, which raised fresh questions about the outlook for monetary policy. Futures tied to the Dow Jones, S&P 500 and Nasdaq were all lower ahead of tonight's session.
The dollar was near US69.40c at the close.
More Coverage
Add your comment to this story
ASX 200 fades from two-week high; ACCC report boosts Coles, Woolies
TWE on watch as US winemakers now push for tariffs on Australia. Rio joins race for billionaire Mark Creasy's WA project. Woolworths, Coles mark best day in years after ACCC's damp squib supermarkets report.
ASX 200’s best day in six weeks
AUD down on 53,000 fewer jobs in Feb. Judo dives as Bain, GIC offload stake. Rinehart-backed Arafura's best day in almost a year. Red flag raised after $20m withdrawal by Star patrons. Nanosonics is top mid-cap gainer after US FDA tick.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout