AU Morning Wrap: ASX Flat Ahead of CPI Data
G'day, mooers! Check out the latest news on today's stock market!
• Wall Street closes lower
• ASX flat ahead of CPI data
• Stocks to watch: APM Human Services, Platinum Asset Management
• Wall Street closes lower
• ASX flat ahead of CPI data
• Stocks to watch: APM Human Services, Platinum Asset Management
![AU Morning Wrap: ASX Flat Ahead of CPI Data](https://ussnsimg.moomoo.com/feed_image/151000101/efe441ea1efa3dcd8d6d2bdaeacbd184.webp/bigmoojpg)
Wall Street Summary
Freshly listed stocks traded higher Tuesday, but the entire market seemed to pull back in the final hour of trading. Indexes swung from a 0.20% climb to a fall of the same amount.
With preliminary closing figures, $S&P 500 Index(.SPX.US$ fell 0.28%, the $Dow Jones Industrial Average(.DJI.US$ fell 0.08%, and the $Nasdaq Composite Index(.IXIC.US$ fell 0.42%.
AU Market Watch
At the start of trade, Australian shares declined following the modest losses seen on all three US benchmarks. The benchmark $S&P/ASX 200(.XJO.AU$ Index dropped 0.1% or 5.3 points to 7774.9, driven down by losses in the materials sector.
The mining stocks on the ASX, following a slump in Singapore iron ore futures yesterday, continued to experience volatile trading amid growing concerns over Chinese demand. Additionally, base metals also experienced a decline. Local investors are anticipating the release of monthly CPI data at 11.30am AEDT.
Stocks to Watch
$APM Human Services International Pty(APM.AU$ has paused trading after receiving a letter from CVC Capital Markets, a private equity firm, indicating that it cannot complete the transaction on terms consistent with the non-binding offer disclosed to the ASX on February 28th.
$Platinum Asset Management Ltd(PTM.AU$'s shares dropped by 21% following the announcement last night that the struggling investment firm had lost $1.4 billion in mandated funds from an undisclosed client.
Listing: None
Economic Calendar (AEDT):
11:30 am: Australia Monthly CPI Indicator (Feb)
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Lysander : Yeah it's ridiculous. Last year my car insurer had a renewal offer of over $850, when I was currently paying high $600s. I let that policy lapse, became a 'new' customer of this insurer and it came back down to the $600s.
Liam Mitchell :![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)