Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

ASX 200 ticks 0.1% as GDP and CPI data slows, Aussie touches 2-month low

Published 01/03/2023, 04:38 pm
Updated 01/03/2023, 04:41 pm
© Reuters.
AXJO
-
BHP
-
FMG
-
BPT
-
RIO
-
STO
-
WDS
-
AXEJ
-
AXMJ
-
AU10YT=RR
-
CIA
-
S32
-

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 6.8 points or 0.1% to 7,251.6 after Wednesday's trade, following gains of 0.4% in the previous session as closely watched GDP and CPI data came in weaker than expected, pointing to a slowing economy and potentially peaking inflation.

Among stocks, Materials led the gains, up 2.3% as Rio Tinto Ltd (ASX:RIO) added 2.5%, BHP Group Ltd (ASX:BHP) gained 2.3%, Fortescue Metals Group Ltd (ASX:FMG) added 3.4% and Champion Iron Ltd (ASX:CIA) lifted 3.9%.

Energy also added 1.6%, with Woodside Energy Ltd (ASX:WDS) lifting 2.5%, Santos Ltd (ASX:STO) up 0.9%, Beach Energy Ltd (ASX:BPT) adding 1.4% and South32 Ltd (ASX:S32) up 3.2%.

Among currencies, the Aussie briefly touched 2-month lows of 0.66949 during the session.

On the bond markets, Australia 10-Year rates fell to 3.795%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.