Neutral
ASX 200 closes flat amid mixed global market trends and rising oil prices.
The S&P/ASX 200 index remained largely unchanged, closing at 9,011.80 points. This stability reflects a balance between positive momentum from U.S. technology stocks and concerns over escalating oil prices due to Middle East tensions.
Key points
- The ASX 200 closed at 9,011.80 points, showing minimal change.
- U.S. technology stocks led a rally, with the S&P 500 rising 1.1% and the Nasdaq composite up 1.4%.
- Oil prices climbed, with U.S. crude reaching $91.95 per barrel and Brent at $95.99, driven by intensified U.S.-Iran conflict.
- Remarks by Federal Reserve Governor Christopher Waller suggested the Fed may hold off on interest rate hikes if inflation data shows cooling.
Sources
AI-generated from public news sources. Not financial advice.
