Australia shares dip to seven-session low ahead of US CPI, Fed decision
U.S. CPI and Fed policy decision awaited
Mining stocks fell 0.9%
Energy stocks 1% in green
Updates to close
By Prerna Bedi
June 12 (Reuters) -Australian shares closed at a seven-session low on Wednesday as investors exercised caution ahead of key U.S. consumer inflation data and the Federal Reserve's rate decision due later in the day.
The S&P/ASX 200 index .AXJO closed 0.5% lower at 7,715.5 points.
Market participants expect the U.S. central bank to keep interest rates steady. Policymakers' updates to interest rate expectations will be closely watched for the near-term rate policy.
"ASX (Australian Securities Exchange) investors are taking their chips off the table as a broad-based sell-off hits ahead of a potential inflection point in the financial world," Hebe Chen, market analyst at IG Markets said.
Hawkish comments at the Fed meeting could possibly suggest that the Reserve Bank of Australia (RBA) might avoid easing its monetary policy when it meets next week.
In Sydney, mining stocks .AXMM fell 0.9%, with behemoth BHP BHP.AX slipping 0.8%. Rio Tinto RIO.AX and Fortescue FMG.AX fell 1.4% and 1.3%, respectively.
"If the (U.S.) CPI is worse than expected, we could see another leg down in commodities," Henry Jennings, senior market analyst at Marcus Today said, pointing towards existing weakness in resources.
Rate-sensitive financial stocks .AXFJ fell 0.4%, with three of the "Big Four" banks losing between 0.3% and 0.7%. However, shares of Westpac Banking WBC.AX closed largely unchanged.
Gold stocks also closed in the red, slipping 0.3% to the lowest since early April as bullion prices fell on a stronger U.S. dollar. GOL/
Bucking the trend, energy stocks .AXEJ gained 1%, tracking higher oil prices on upbeat demand trends. O/R
Energy major Woodside Energy WDS.AX was up 2.7% at close of trade.
Across the Tasman Sea, New Zealand's S&P/NZX 50 index .NZ50 closed 0.4% lower at 11,741.88 points in its fifth consecutive session of losses.
Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala
For more information on DIARIES & DATA: U.S. earnings diary RESF/US Wall Street Week Ahead .N/O Global Economy Week Ahead DATA/ ................................................................ For latest top breaking news across all markets NEWS1
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
