Aussie Stocks Plummet, Aussie Dollar Weakens

0:00Adelaide Story is making news on March 19th. Australian stocks took a hit in early trading, dropping 1.6% as oil prices surge from attacks on key energy sites in the middle. East. The benchmark S&P-slash ASX200 index fell 109.7 points to 8,500.9, marking. It's lowest since late November, and down 2.5% since the year started. Overnight, Iran struck Qatar's Ross Lafone industrial city, home to the world's largest liquefied natural gas plan, in response to an Israeli hit-on. It's South Park's gas field. The S&P-brint crude up $3 a barrel to around $110, a 9-day high, rattling global investors. In the US, the Federal Reserve kept interest rates steady, but Chair Jerome Powell sounded cautious about the Middle East tensions pushing up energy, costs, and inflation. He noted it's too early to gaze the full economic fallout, and fewer officials now back-rate cuts this year amid the war sparked back in February.

1:03Australia's central bank just raised rates by 25 basis points to 4.10% adding pressure. Every sector dipped except energy, which climbed 3.4%, while materials plunged 3.7% on slumping gold prices, to a six-week low of $4,836. The Aussie dollar weakened to 70.28 US cents from 71.19 late Wednesday, reflecting the broader unease as, markets watch for more developments in the region. This episode is supported by our sponsor, C Details in the Description. Some chase peace. I put my head in it, S-O-L-I-SoliPillow.com. Made in AI.