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S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks


S&P/ASX 200 trades near flatline as Sydney lockdown gets extended for another two weeks
U.S. consumer prices have increased sharply amid supply constraints and a continued rebound in the costs of travel-related services.
Spot gold was flat at US$1,806.07 per ounce on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.093% to 7,339 points by about 1.40 pm as Sydney’s current lockdown conditions were extended for at least another two weeks to July 30.
Tech stocks were being dragged down by Afterpay (ASX:APT), which fell heavily after Bloomberg reported that Apple (NASDAQ:AAPL) plans to offer a competing buy-now pay-later product in partnership with Goldman Sachs (NYSE:GS). ....

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S&P/ASX 200 rises following better-than-expected jobs report


S&P/ASX 200 rises following better-than-expected jobs report
Companies
S&P/ASX 200 rises following better-than-expected jobs report
Brent crude futures fell 3.2% to US$66.49 per barrel on Wednesday on fears that rising inflation might lead the US Federal Reserve to raise interest rates.
Gold prices hit a four-month high of US$1,889.75 on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.80% to 6,987 by about 12.45 pm following the release of better-than-expected job numbers.
Australia’s jobless rate declined from 5.6% to 5.5% in April, beating economists’ expectations, with the number of unemployed people falling by 33,000.
The market was expecting the unemployment rate to remain steady at 5.6% and for 20,000 jobs to be added. ....

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