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a) Following article was published in Australian Financial Review. ASX falls 0.6pc on interest rate wariness Equities Richard Henderson STOCK MARKET S&P/ASX 200 Index, past
a) Following article was published in Australian Financial Review. ASX falls 0.6pc on interest rate wariness Equities Richard Henderson STOCK MARKET S&P/ASX 200 Index, past five days (points) CURRENCIES $A/$US past five days (US) 6700 68.5 6680 6660 68.0 6640 6620 67.5 6600 6580 67.0 6560 Wed 13 Thu 14 Fri 15 Mon 18 Tue 19 Ved 13 Thu 14 Fri 15 Mon 18 we 19 MARKETS Sector performance, Tuesday (%) COMPANIES Stock performance, Tuesday () Energy +2.45 Lake Resources +7.32 Utilities +1.01 Pendal Group +5.37 -0.01 Financials BEST STOCKS Whitehaven Coal +5.36 -0.49 Industrials Perseus Mining +4 97 -0.55 Real estate Insignia Financial +4.79 0.73 Consumer staples -0.77 Consumer discretionary -2.90 Xero -0.87 Materials -2.85 PointsBet Holdings -0.95 Communication services WORST STOCKS 2.44 EML Payments -2.27 Healthcare 2.15 Suncorp Group -2.85 IT -1.95 Hub 24 SOURCE: BLOOMBERG Australian shares fell yesterday in a session marked by fresh pressure facing growth shares and new signals that interest rates could shoot far higher than their present levels. Based on your understanding of Government's macro-economic policies, explain why central banks may increase interest rate in certain economic conditions. Discuss briefly how such a decision may affect consumers and investors in the market. (Max 250 words)
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