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ASX 200 reverses gains as Energy retreats ahead of inflation data

Published 30/11/2022, 11:16 am
© Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 28.3 points or 0.4% to 7,225 after the first 80 mintures of Wednesday’s trade, reversing gains of 0.3% in the previous session as lower crude oil prices dented major energy companies while investors awaited fresh CPI data.

ASX 200 Futures were pointing 0.3% lower.

Among stocks, Woodside Energy Ltd (ASX:WDS) fell 2.3%, Santos Ltd (ASX:STO) lost 1.6%, Beach Energy Ltd (ASX:BPT) fell 0.3% and South32 Ltd (ASX:S32) was down 1%.

Health Care was also down around 1.1% as CSL Ltd (ASX:CSL) lost 1.3%, Ramsay Health Care Ltd (ASX:RHC) fell 0.4%, Resmed Inc (ASX:RMD) dipped 1% and Pro Medicus Ltd (ASX:PME) lost 0.4%.

Ahead in Wednesday’s session, market participants will be looking toward fresh CPI data as well as construction work and private sector credit figures.

On the bond markets, Australia 10-Year rates were at 3.631% while United States 10-Year yields were at 3.744%.

In New Zealand, the NZX 50 added 0.6% to 11,459.4.

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