S&P/ASX 200 falls 0.4% as bond yields rise on hawkish Fed. Jobs data smashes estimates. APRA warned on home loans.
Australia's sharemarket broke a four-day winning streak, turning down from a record high, after a hawkish surprise from the Fed and consequent rise in bond yields. APRA warned on home loans.
Welcome to the Trading Day blog for Thursday, June 17. The ASX fell at the open, down as much as 0.5%, but had recovered slightly by midday. Coles dropped after an update at its strategy day. Wall Street fell following US Federal Reserve signals on interest rates and inflation.
Earlier, European stocks mostly rose ahead of the Fed. RBA Governor Philip Lowe has warned on lending. Jobs data smashes estimates.
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