Asian stocks declined on Thursday, with hawkish Fed meeting minutes and lingering U.S.-China tensions keeping investors nervous. The dollar consolidated gains and Treasury yields rose after the Federal Reserve's June meeting minutes showed policymakers anticipate two more interest rate hikes in 2023 to bring inflation back down.
A greater than expected rate hike in the UK, as well as more hikes elsewhere, had Wall Street worried early but you can't ignore AI. S&P up 0.4%. (Available for non-subscribers after 10am)
The benchmark S&P/ASX 200 declined 42.90 points, or 0.6 per cent, to 7,314.9 at the close, snapping a seven-session winning streak. The All Ordinaries were down by the same amount to 7,505.6.
ASX 200 index outlook as Australia unemployment rate slips invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.
Blackwattle Investment Partners opens its doors on Monday after months of building its operations and discreetly signing up several high-profile portfolio managers.