Australian Market Slightly Lower | Nasdaq

From NASDAQ:

The Australian stock market is down after US consumer inflation data led to concerns about potential US Fed interest rate increases. The benchmark S&P/ASX 200 is down 0.14 percent to 7,495.50. Oil stocks increased and gold miners are mixed, while Nuix, CZR Resources and Healius were affected by news updates.

Syrah Resources stock surged nearly 5%. The overall value of home loans in Australia increased by 1.0 percent in November to $27.58 billion. The Dow points fell but rebounded to an increase, while the Nasdaq crept up 0.54 points and the S&P 500 edged down 3.21 points. Meanwhile, the major European markets moved downwards. Crude oil prices ended higher by $0.65 at $72.02 a barrel.



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