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ASX hits three-week low on rate cut rethink

Dec 12, 2024 (The Australian Financial Review - ABIX via COMTEX) --

The Australian sharemarket retreated again on Thursday, with the S&P/ASX 200 shedding 0.3 per cent to close at 8,330.3 points. Data showing that the nation's official unemployment rate fell to 3.9 per cent in November weighed on investor sentiment, with financial markets now viewing the prospect of an interest rate cut in early 2025 as less likely. Syrah Resources fell 28 per cent to $0.19, Platinum Asset Management finished 21.1 per cent lower at $0.67 and Ventia Services Group was down 22.5 per cent at $3.33 in response to price-fixing allegations. However, Fortescue advanced 0.6 per cent to $20.22 and Pilbara Minerals rose four per cent to $2.36..

Publication Date: 13 December 2024

STANDARD AND POOR'S ASX 200 INDEX
SYRAH RESOURCES LIMITED - ASX SYR
PLATINUM ASSET MANAGEMENT LIMITED - ASX PTM
VENTIA SERVICES GROUP LIMITED - ASX VNT
FORTESCUE LIMITED - ASX FMG
PILBARA MINERALS LIMITED - ASX PLS
comtex tracking

COMTEX_460788845/2229/2024-12-12T18:09:45

By Cecile Lefort

Copyright 2024 Roy Morgan Research. All Rights Reserved.

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