ASX Update: Uranium, infant formula shine in sluggish session

ASX Update: Uranium, infant formula shine in sluggish session

The share market marked time ahead of risk events in the US as gains in growth and defensive stocks were largely offset by declines in heavyweight banks and iron ore producers.

The S&P/ASX 200 traded both sides of break-even before reaching mid-session six points or less than 0.1 per cent in the red.

Tech stocks, gold miners and real estate trusts rose. CBA and Bank of Queensland declined after market updates. Uranium stocks surged after several European countries asked the EU to recognise nuclear power as green energy. What’s driving the market

Buying interest was kept in check by a third straight decline on Wall Street. The S&P 500 eased 0.24 per cent overnight as investors continued to reduce exposure ahead of several potential market-moving events.All eyes will be on tonight’s US September consumer prices update, the minutes from the last Federal Reserve meeting and the launch of a new corporate […]

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