ASX All Ords drifts lower waiting for the U.S. Fed
Date
8/29/2016 2:25:16 AM
(MENAFN- ProactiveInvestors - Australia)
The Australian equity market drifted lower once again today, as investors sit on the fence awaiting details from the U.S. Federal Reserve";s Jackson Hole symposium in Wyoming.
Janet Yellen, chair, is due to deliver a much-anticipated speech which could indicate the mood for raising U.S. interest rates.
Back home, the ASX All Ordinaries was trading 0.3% lower at 5614 late in the session.
BLUE CHIP ROUND-UP Major miners
BHP Billiton (ASX:BHP) down 0.5% to $20.92; Fortescue Metals Group (ASX:FMG) up 1.3% to $4.89; Newcrest (ASX:NCM) up 0.5% to $23.46; Rio Tinto (ASX:RIO) down 0.4% to $48.89.
Energy or Oil and Gas
Oil Search (ASX:OSH) down 1.3% to $6.92; Santos (ASX:STO) up 1.1% to $4.49; Woodside Petroleum (ASX:WPL) down 0.7% to $29.65.
Big 4 banks
ANZ Bank (ASX:ANZ) down 0.4% to $26.74; Commonwealth Bank (ASX:CBA) down 0.8% to $73.42; National Australia Bank (ASX:NAB) down 0.8% to $27.46; Westpac (ASX:WBC) down 0.7% to $30.14.
Other banks, financials and industrials
AMP (ASX:AMP) up 0.2% to $5.45; Bank of Queensland (ASX:BOQ) up 0.2% to $10.34; Bendigo and Adelaide Bank (ASX:BEN) up 0.4% to $10.75; Macquarie Group (ASX:MQG) down 1.5% to $79.65; Suncorp (ASX:SUN) down 0.3% to $12.76; Telstra (ASX:TLS) up 1.6% to $5.33.
Retailers
JB Hi-FI (ASX:JBH) up 1.0% to $30.40; Wesfarmers (ASX:WES) up 1.6% to $44.38; Woolworths (ASX:WOW) down 1.3% to $24.85.
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