ASX Falls for 3rd Session, Unemployment at 6-Month High By Investing.com

ASX Falls for 3rd Session, Unemployment at 6-Month High

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By Oliver Gray

Investing.com - The S&P/ASX 200 dropped 23.50 points or 0.32% to 7,400.40 in Thursday’s deals, extending declines for the third consecutive session amid higher than expected unemployment figures as more people looked for work ahead of coronavirus lockdowns easing, while inflation in the U.S. rose to 31-year highs on an annual basis amid surging food and fuel prices.

Among stocks, Nine Entertainment Co Holdings Ltd (ASX:NEC) closed 3.38% higher after reporting strong gains in television advertising at its annual general meeting. Financials retreated with Commonwealth Bank Of Australia (ASX:CBA) down 1.84% National Australia Bank Ltd (ASX:NAB) losing 1.69% and Australia and New Zealand Banking Group Ltd (ASX:ANZ) falling 0.14%. Technology stocks were also hit, as Zip Co Ltd (ASX:Z1P) plunged 5.07%, Afterpay Touch Group Ltd (ASX:APT) dropped 2.25% and Xero Ltd (ASX:XRO) dipped 6.04%. Mining heavyweights gained despite Iron ore prices trading at near 3-year lows, with Rio Tinto Ltd (ASX:RIO) gaining 2.15%, BHP Billiton Ltd (ASX:BHP) lifting 2.32%. Fortescue Metals Group Ltd (ASX:FMG) gained 8.47% this afternoon following a deal to supply green hydrogen to U.S. company Universal Hydrogen. Gold miners also provided a bright spot, with Evolution Mining Ltd (ASX:EVN) gaining 4.56%, Northern Star Resources Ltd (ASX:NST) up 4.54% and Chalice Gold Mines Ltd (ASX:CHN) surging 9.31% and lifting for the third consecutive session.

Among data, the national unemployment rate jumped to a 6-month high of 5.2% in October, with New South Wales and Victoria suffering the biggest hits amid protracted lockdowns, while the national participation rate slightly increased for the first time since June.

On the bond markets, Australia 10-Year yields were at 1.82% while United States 10-Year rates were at 1.57%.

In currencies, the Australian Dollar was trading at 4-week lows of 0.7306 against the US dollar, while the DXY surged to fresh 16-month highs of 94.898.

In New Zealand, the NZX 50 closed flat at 13,027.

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Tan Tan Nov 23, 2021 13:40

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uber made public not for profit

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Tan Tan Nov 23, 2021 13:40

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S&P/ASX 200	6,763.60	+57.60	+0.86%
ASX 200 Futures	6,682.5	+92.0	+1.40%
ASX All Ordinaries	6,953.40	+59.80	+0.87%
US 500	3,920.8	+20.7	+0.53%
Dow Jones	31,438.26	-62.42	-0.20%
China A50 Futures	14,790.0	-50.0	-0.34%
Dollar Index	103.890	+0.212	+0.20%

Crude Oil WTI	111.20	+1.63	+1.49%
Natural Gas	6.569	+0.023	+0.35%
Gold	1,823.80	-1.00	-0.05%
Silver	21.223	+0.036	+0.17%
Copper	3.8262	+0.0602	+1.60%
US Sugar #11	18.43	+0.17	+0.93%
US Coffee C	221.55	-0.55	-0.25%

AUD/USD	0.6936	+0.0013	+0.19%
EUR/USD	1.0567	-0.0016	-0.16%
USD/JPY	136.24	+0.81	+0.60%
GBP/USD	1.2233	-0.0032	-0.26%
GBP/JPY	166.64	+0.55	+0.33%
AUD/JPY	94.51	+0.76	+0.81%
USD/CAD	1.2845	-0.0033	-0.26%

CSL	274.03	+1.03	+0.38%
Woolworths	36.150	+0.080	+0.22%
ANZ Banking Group	22.420	-0.150	-0.66%
Commonwealth Bank Australia	93.540	-0.200	-0.21%
Telstra Corporation.	3.930	0.000	0.00%
National Australia Bank	27.790	-0.140	-0.50%
BHP Billiton Ltd	42.980	+1.780	+4.32%

ASX Falls for 3rd Session, Unemployment at 6-Month High

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