ASX 200 fights back to close up 2 points at 7148 after a wobbly start. For the week the ASX 200 is down 2.6%.
Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided over the need for more interest rate hikes.
Red in the streets on the ASX 200 today, market down 110 points to 7195 (-1.5%), posting its biggest drop in about six weeks.
US equity markets fell sharply overnight after stronger-than-expected retail sales data showed continued consumer resilience which stoked concerns that interest rates could stay higher.
ASX 200 rallied 28 points to 7305 (+0.4%) as results dominated today. Big names hitting the boards, CSL, COH, and NAB trading update.
US markets experienced a general decline last week as they absorbed fresh inflation data and evaluated the future trajectory of the Fed’s interest rates.