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Sharemarket endures worst session in five weeks as oil surges

Miners, industrials and consumer cyclicals weighed on the exchange after Brent crude prices topped $US100 a barrel for the first time since May.

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abc.net.au

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theage.com.auStai leggendo1 mese fa

Sharemarket endures worst session in five weeks as oil surges

ASX200 fell 0.75% as oil surged past $100/barrel amid Iran conflict, with AI earnings confidence eroding. Rising rate hike expectations globally will pressure tech valuations and AI-linked investment returns as inflation concerns persist.

originale

abc.net.au1 mese fa

Live: ASX set to fall as oil tops $US100

Oil surged past $100/barrel on Houthi attacks; Nasdaq fell 2.15% as investors doubt Big Tech's AI capex returns. Climbing inflation and yields may force CIOs to defer AI projects and reassess investment ROI expectations.

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Timeline cronologica

giovedì 23 luglio 2026·theage.com.au
Sharemarket endures worst session in five weeks as oil surges
Miners, industrials and consumer cyclicals weighed on the exchange after Brent crude prices topped $US100 a barrel for the first time since May.
giovedì 23 luglio 2026·theage.com.au
ASX slumps; oil surges over $US100; Tesla and Alphabet tumble
The Australian sharemarket lost ground on opening as the price of oil shot to its highest level since May.

Sharemarket endures worst session in five weeks as oil surges

Live: ASX set to fall as oil tops $US100

Timeline cronologica

Sharemarket endures worst session in five weeks as oil surges

ASX slumps; oil surges over $US100; Tesla and Alphabet tumble

Live: ASX set to fall as oil tops $US100