“Yesterday we saw the local resource sector mark down on the back of concerns around the Chinese property developer space,” Mr Piotrowski told Sky News
Australia. “That reverberated throughout the European session – we saw that in the underperformance of energy and materials stocks.” Presented by CommSec.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pace of producer inflation higher than market anticipatedCommSec’s Tom Piotrowski says the annualised pace of producer inflation was higher than the market anticipated, going from 0.2 to 0.9 per cent. “It pushed long- and short-term interest rates higher,” Mr Piotrowski told Sky News Australia. “As a result, stocks ran into headwinds over the course of the session.” Presented by CommSec.
Source: SkyNewsAust - 🏆 7. / 78 Read more »