Australian shares tumble in broad sell-off as US jobs data weighs

Reuters

Australian shares tumble in broad sell-off as US jobs data weighs

2024 9월 9 일, 오전 1:06 GMT

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Sept 9 (Reuters) -Australian shares slipped on Monday, with all sectors trading in the red, after a mixed U.S. jobs report failed to shed light on the extent of the Federal Reserve's interest rate cuts next week.

The S&P/ASX 200 index .AXJO fell 0.8% to 7,947.4, as of 0037 GMT. The benchmark lost 1% last week.

Data on Friday showed jobs growth in the U.S. was below expectations in August, while the unemployment rate also fell, raising doubts on the size of the Fed's rate cut at its meeting next week.

Investors will now look to U.S. inflation data, due later in the week, for final clues before the central bank's meeting.

Domestically, rate-sensitive financials .AXFJ led losses, dropping 1.3%, with the 'Big Four' banks all slipping between 1.3% and 2.1%.

Westpac WBC.AX shed 2.1%. The country's third-largest lender appointed its new chief executive officer.

Healthcare companies .AXHJ slipped 0.9%, with CSL CSL.AX and Ramsay Health Care RHC.AX falling 1.3% and 0.9%, respectively.

Miners .AXMM lost 0.2%, as iron ore prices hovered near a one-year low. IRONORE/

Energy .AXEJ and gold stocks .AXGD were down 0.9% and 2%, respectively, amid a slump in underlying commodity prices. O/R GOL/

Brent crude LCOc1 futures rose 1.11% to $71.85 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 gained 1.2% to $68.48 per barrel.

Information technology firms slipped 0.6%, following a sell-off in their Wall Street peers. .N

On Friday, the U.S. Dow Jones Industrial Average .DJI fell 410.34 points, or 1.01%, at 40,345.41 points on Sunday. The S&P 500 .SPX, .SPX lost 94.99 points, or 1.73% while Nasdaq .IXIC lost 436.83 points, or 2.55%.

Premier Investments PMV.AX fell as much as 8.1% and was set for its worst day in more than 4 years, after earnings from its retail brand fell short of market estimates.

In New Zealand, the benchmark S&P/NZX 50 index .NZ50 shed 0.6% to 12,540.45.

Reporting by Aaditya Govind Rao in Bengaluru; Editing by Rashmi Aich

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