Australia
S&P/ASX 200 falls 0.30% as US fiscal stimulus looks less likely before November election
S&P/ASX 200 (INDEXASX:XJO) opened weaker today and is down about 0.30% at 12.51 pm as Washington failed again to overcome its partisan differences over a new round of virus relief aid.
The Dow Jones Industrial Average closed down more than 410 points or 1.44% at 28,195.42.
However, U.S. stock futures rose on Monday evening after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” in a Monday afternoon phone call to discuss another stimulus package.
Materials fall while Technology leads improvements[hhmc]
Leading declines on the ASX has been the materials sector with a 0.82% drop despite stronger commodity and metals prices.
Most sectors are lower with financials, healthcare and communications also weighing on the market while technology leads improvements with a 1.8% gain.
BHP guidance remains unchanged[hhmc]
Mining giant BHP Group (ASXBHP) is one of the major weights on the market, falling 1.18% following the release of its Sep..
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