Australian shares edge lower, key inflation data on tap By Investing.com

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Australian shares edge lower, key inflation data on tap

Published Sep 27, 2023 11:08

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Australian shares edge lower, key inflation data on tap

AXJO

+0.30%

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AUD/USD

-0.36%

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AXTJ

+0.04%

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AXNJ

+0.25%

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US500

+0.41%

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Investing.com - The ASX 200 was 0.4% lower after the first hour of Wednesday's trade, following a significant sell-off on Wall Street as investors eagerly await the release of crucial local inflation data.

The S&P/ASX 200 index dropped by 30.9 points, reaching 7007.3 ahead of the August CPI data release scheduled for 11:30am AEST.

Rate sensitive sectors such as tech led declines, with Life360 Inc (ASX:360) saw a 2.6% decrease, Wisetech Global Ltd (ASX:WTC) fell by 1%, and Technology One Ltd (ASX:TNE) registered a 0.8% loss.

In the United States, both the S&P 500 and the tech-focused Nasdaq experienced losses of more than 1%. This downturn followed disappointing consumer confidence data and the continuation of the US 10-year bond yields at their highest level since 2007.

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S&P/ASX 200	7,194.90	+21.60	+0.30%
ASX 200 Futures	7,221.5	+36.5	+0.51%
ASX All Ordinaries	7,405.60	+20.90	+0.28%
US 500	4,603.2	+17.6	+0.38%
Dow Jones	36,247.87	+130.49	+0.36%
China A50 Futures	11,302.0	-16.0	-0.14%
Dollar Index	103.965	+0.461	+0.45%

Crude Oil WTI	71.26	+1.92	+2.77%
Natural Gas	2.552	-0.033	-1.28%
Gold	2,020.80	-25.60	-1.25%
Silver	23.290	-0.769	-3.20%
Copper	3.8340	+0.0365	+0.96%
US Sugar #11	23.41	+0.38	+1.65%
US Coffee C	177.70	+0.20	+0.11%

Australia 10Y	4.354	+0.041	+0.95%
Australia 5Y	4.016	+0.054	+1.36%
New Zealand 10Y	4.982	+0.036	+0.74%
U.S. 10Y	4.229	+0.100	+2.43%
Japan 10Y	0.767	-0.005	-0.65%
China 10Y	2.698	+0.010	+0.37%
Singapore 10Y	2.885	+0.009	+0.31%

CSL	266.92	+0.43	+0.16%
Woolworths	35.770	-0.080	-0.22%
ANZ Holdings	24.610	+0.010	+0.04%
Commonwealth Bank Australia	106.440	+0.170	+0.16%
Telstra Group	3.840	0.000	0.00%
National Australia Bank	29.200	+0.010	+0.03%
BHP Group Ltd	47.740	+0.320	+0.67%

Australian shares edge lower, key inflation data on tap

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