Aussie Shares on Track for Fourth Straight Losing Week

ASX 200 sinks to June lows as investors brace for another RBA rate hike

It's another rough Friday on the ASX, and things aren't looking much better as we head towards the weekend. The S&P/ASX 200 Index (ASX: XJO) is currently down 0.48% to around 8,659 points, after dropping as low as 8,639.9 earlier in the session. That's the lowest we've seen the benchmark since 11 June, with the index now down almost 5% over the past month. And it's not just a few of the big names dragging the market lower. At the latest check,…

Aussie shares on track for fourth straight losing week

The ASX's benchmark index has fallen to a three-month low amid rising oil prices, higher bond yields, and the likelihood of a domestic interest rate hike.

As it happened: Warning petrol price could soar above $2.70 per litre

A leading economist has warned the price of unleaded petrol could be headed above $2.70/litre. Meanwhile, the share market closed the week in negative territory as a global bond sell-off deepened.

ASX 200 LIVE: ASX to slip, Wall St fluctuates, oil tops $US106 a barrel

Australian shares are set to open down; S&P 500 fluctuates; US 30-year yield hits highest since 2004; US mortgage rates top 7pc. Follow live.

Australian shares suffer fourth straight losing week

The Australian share market has fallen to a three-month low as oil prices and bond yields both moved higher and domestic interest rates looked to soon join them.

Lunch Wrap: ASX tech gets caught in the oil-and-bond crossfire

Oil and yields spoil the party Tech gets another kicking IAG buries its Greensill headache   The ASX was down around 0.5% by lunchtime Friday, as expensive oil and surging bond yields once again ruined everyone’s fun. Markets are also pricing in more Fed hikes. Brent, meanwhile, was above US$107 after more Houthi attacks on Saudi targets. Back home, NAB reckons another two RBA hikes are highly possible, although a third might be getting a little…