Australian shares fell today despite an afternoon revival yesterday. At 2.30pm, the S&P/ASX 200 was down 0.41% to 4116.10 and the All Ordinaries had dropped 0.41% to 4144.30. It follows a third day of losses on the world markets.
The negative news from the eurozone continues to affect the Australian dollar. Its slide continues, with the local currency worth $US1.02345 this afternoon.
The Consumer Price Index (CPI) showed that inflation rose at its slowest pace in 14 years during the June quarter. It is likely to give the Reserve Bank more room to move on interest rates.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.