The benchmark S&P/ASX 200 index fell 0.1 per cent to 7030.3 at the closing bell, weighed lower by nine of 11 industry sectors in the red. The All Ordinaries slipped 8.4 points to 7299.9.
The Australian stock exchange ended 0.1 per cent lower on Wednesday with traders taking little notice of a 5.2 per cent jump in the monthly consumer price indicator report, which met economists’ expectations.P/ASX 200 index edged down 7.9 points, 0.1 per cent, to 7030.3 at the closing bell, weighed lower by nine of 11 industry sectors in the red. The All Ordinaries slipped 8.4 points to 7299.9.
The RBA’s policy-setting board meets next Tuesday for the first time under the leadership of governor Michele Bullock.“The jobs data for September and Q3 inflation data will decide whether the RBA hikes rates in November or keeps the cash rate on hold into year-end.” The Aussie briefly dipped below US64¢ to US63.9¢ and bond yields slipped with the 10-year at 4.38 per cent.
Family tracking device Life360 shed 1.7 per cent to $8.68 a share, WiseTech dropped 1.6 per cent to $65.72 and accounting software Xero lost 1.3 per cent to $112.50.
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