Here's your five-minute recap of the trading day and how the experts saw it
The ASX 200 dropped 0.8 per cent to 7175.9 points on Thursday, as US inflation worries sent share markets lower all over the Asian region. The energy and utilities sectors were the only ones to finish higher despite a fall in oil prices with the energy sector up more than 3 per cent.
The report showed US manufacturing growth accelerated last month, contrary to economists’ expectations for a slowdown. And in what may be a sign of the times, Wesfarmers CEO Rob Scott chose to highlight the conglomerates industrial businesses at its investor day rather than its high-profile retailer businesses like Bunnings, KMart and Officeworks.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX to drop, global equities fall, despite positive US economic dataAustralian shares are expected to start the day lower tracking overnight losses on Wall Street.
Read more »
US infant formula: Nature One Dairy joins the race to help with the US formula crisisNature One joins The a2 Milk Co in seeking to help alleviate the US supply shortage. Only Bubs Australia has penned a deal with the US government.
Read more »
US says Ukraine will not use US-supplied rocket systems to hit Russian territoryWashington says it has assurances as Moscow warns supply risks ‘third country’ being drawn into war
Read more »
‘US lies’: China rejects claims it restricted media during Pacific tourLocal journalists in the Pacific have claimed China have issued a media blackout during Foreign Minister Wang Yi’s tour of the region, but Beijing has categorically denied the allegations.
Read more »
'Multiple casualties' in US hospital mass shootingAt least three people are dead after a gunman opened fire inside a hospital campus in the United States in the second mass shooting in just over a week.
Read more »
‘I’m a circus freak now’: Latrell targets Origin return after US tripLatrell Mitchell flew in from Los Angeles on Thursday morning following 16 days stateside to repair a tendon tear that has ruled him out of next week’s series opener.
Read more »