Australian shares have ended the session flat after a volatile trade on Wednesday, with gains in financials outweighing losses in mining and energy stocks, while caution prevailed ahead of key US inflation data due later in the week.
Key points:
- The ASX 200 has lost more than 10 per cent since the year began
- On Wall Street, S&P 500, Nasdaq end lower
- The pan-European STOXX 600 index lost 0.6 per cent
The ASX 200 closed up 3 points, or 0.04 per cent, at 6,648.
By 4:15pm AEDT, the Australian dollar was down at 62.63 US cents.
Market participants across the world are looking forward to US inflation readings that are expected to show persistently strong price pressures and cement the Federal Reserve’s hawkish rhetoric on monetary policy.
Coronado Global Resources was among the top gainers on the local benchmark index, rising 8 per cent after the coal miner confirmed that it was in…
