Archive · Business Recorder
Australian shares slip on Fortescue-led miner selloff; banks limit losses
Australian shares fell on Thursday after a selloff in miners following Fortescue’s weak preliminary quarterly update, combined with investor caution after US Federal Reserve minutes showed officials were divided over further rate hikes. The S&P/ASX 200 index fell 0.4% to 8,693.30 points by 2328 GMT, after ending 0.1% lower on Wednesday. Fed minutes highlighted growing debate among policymakers over the inflation outlook, with officials split between treating recent price pressures as largely supply-driven and arguing that stronger demand warranted tighter policy, leaving investors cautious...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →