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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.

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%.

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