By Oliver Gray
Investing.com - The S&P/ASX 200 lost 19.1 points or 0.3% to 7,539 during Monday’s session, easing from 10-week highs touched last week as stronger than expected nonfarm payrolls data in the U.S. pushed rate expectations higher and dragged on risk sentiment.
Among stocks, real estate fell 1.9% overall, with Goodman Group (ASX:GMG) down 2.5%, Mirvac Group (ASX:MGR) falling 1.2%, Charter Hall Group (ASX:CHC) down 3.1% and Stockland Corporation Ltd (ASX:SGP) dipping 2.6%.
Information technology also fell with Block Inc (ASX:SQ2) down 2%, Appen Ltd (ASX:APX) falling 4.8%, Brainchip Holdings Ltd (ASX:BRN) shedding 5.3% and Novonix Ltd (ASX:NVX) down 3.5%.
Materialsand Energy bucked the trend, adding 0.3% and 0.9% respectively. Rio Tinto Ltd (ASX:RIO) added 0.9%, BHP Group Ltd (ASX:BHP) lifted 0.6%, Fortescue Metals Group Ltd (ASX:FMG) gained 0.1% and Champion Iron Ltd (ASX:CIA) added 0.8%, while Woodside Energy Ltd (ASX:WDS) gained 1.2% and Beach Energy Ltd (ASX:BPT) popped 3.7%.
On the data front, retail sales were reported in line with expectations at -3.9%, slowing from 1.7% in the previous period.
On the bond markets, Australia 10-Year rates were at 3.469%.