Shares tumble; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Australian shares dropped 0.8 per cent and hit the lowest in a year on Monday, mirroring Wall Street as concerns about the Middle East conflict spreading dented investor sentiment. The benchmark S&P/ASX 200 lost 55.3 points, or 0.8 per cent, to 6845.4 by mid-day AEDT, extending last week’s decline in response to the Israel-Hamas conflict and dwindling expectations for global growth. Nine out of the 11 sectors were in the red with materials and energy leading losses.
Meanwhile, the yield on 10-year US Treasury notes briefly breached above the 5 per cent barrier on Friday for the first time since July 2007, touching a bid level of 5.001 per cent. The market digested remarks from Federal Reserve chairman Jerome Powell that left the door open to an additional rate increase, while other Fed officials have hinted that the tightening cycle could be at an end. Gold attracted a safety bid to stand at $US1,966 an ounce. Last week, it hit its highest since May.
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ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
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ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares to tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares to tumble at the opening; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »
ASX 200 LIVE: Shares tumble; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.Shares tumble at the opening; Wall Street drops on geopolitical tensions; Judo Bank seeks $75 million hybrids, South32 flags 33 per cent drop in coal output; Oil prices and bond yields pare gains.
Read more »