Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps
May 2 (Reuters) -Australian stocks traded in a tight range on Thursday after the U.S. Federal Reserve warned of delays to interest rate cuts, while Woolworths slumped to a four-year low after flagging customer caution amid sales slowdown and cost-of-living pain.
The S&P/ASX 200 index .AXJO was up 0.1% at 7,580.70 as of 0020 GMT, with gains in financial and gold stocks countering losses in consumer and energy stocks.
The Fed left interest rates on hold on Wednesday, but warned that recent disappointing inflation readings could further delay any impending interest rate cuts.
Investors now await a Reserve Bank of Australia (RBA) policy meeting due next week, where the central bank is largely expected to keep rates on hold.
"Despite the upside surprise in Q1 CPI, we expect the RBA Board will leave the cash rate at 4.35% at its coming meeting and will not explicitly discuss a rate hike at this meeting," analysts at ANZ wrote in a note.
Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high.
Gold stocks .AXGD gained the most on the benchmark, rising 1.2% on strong bullion prices. Sector major Evolution Mining EVN.AX was up 1.5%. GOL/
Rate-sensitive financials .AXFJ climbed 0.7%. Shares of National Australia Bank NAB.AX rose as much as 1.2%, even as the country's second-largest lender reported a drop of about 13% in first-half cash earnings.
Consumer stocks .AXSJ fell almost 2.3% to hit a five-month low, dragged down by Woolworths WOW.AX.
Shares of Woolworths fell as much as 4.8% to their lowest since May 29, 2020, after the country's top supermarket chain reported a slowdown in sales from its biggest segment.
Energy stocks .AXEJ declined almost 1%, after oil prices slumped overnight on the possibility of a Middle East ceasefire agreement. O/R
Shares of energy giants Woodside Energy WDS.AX and Santos STO.AX were down 1.5% and 1.3%, respectively.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was down 0.1% to 11,857.75.
Reporting by Adwitiya Srivastava in Bengaluru; Editing by Subhranshu Sahu
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.
