ASX 200 stalls ahead of US Fed rate decision
ASX 200 inched up 0.1 per cent on Monday as investors awaited major US Federal Reserve decision and Middle East developments.
The S&P/ASX200 closed at 8749.9, up 0.1 per cent, as investors awaited a US Federal Reserve decision. The Fed and Bank of Japan are expected to raise rates this week.
Mining stocks fell on lower copper; oil surged on Saudi pipeline attacks. Energy rallied but coal and uranium lost ground.
Healthcare soared 1.5 per cent, led by Telix. Tech fell 1.1 per cent as Nasdaq futures pointed to a sharp drop on AI safety concerns.
- 8749.9, up 0.1%
- ASX 200 close
- 1.5 per cent
- Healthcare surge
- 1.1 per cent
- Tech fall
- $US4331
- Gold price
Why it mattersFed rate hikes affect global growth, corporate profits and Australian mortgage rates; oil price spikes push fuel costs higher.
AustraliaIf the US Fed raises rates, Australian borrowers may face higher mortgage costs while savers may earn better returns on deposits.
✓ Claims checked against the source. checked 10 d ago
