ASX 200 to fall after Wall Street slips; Rio shares in focus

Australian shares are set to fall at the open on the last day of the trading week following a dismal night of trade on Wall Street in the wake of higher-than-expected inflation data, which amplified fears of a possible recession. The domestic market is also expected to see commodity stocks trading on a weak note amidst lingering demand concerns.

The latest ASX Futures indicate that the ASX 200 is set to open 53 points or 0.8% lower on Friday morning. On Thursday, the benchmark ASX 200 index ended 0.45% higher at 6,650.6 points.

#australianstockmarket #asx200index #riotinto #avzminerals #usconsumerpriceindex #ironoreprices #kalkinemedia

Follow us and stay updated on the Go with the Market Charter 👇👇