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Aussie shares are trading flat with the #ASX200 -1.2pts or just 0.02% lower to 7492. IT is the best performing sector currently while the materials sector is weighing
After roughly 3 hours of trade, the #ASX200 is flat (7491pts). Tech stocks are standing out, lifting ~2%. $RMD, $FMG, insurance stocks, $WES & supermarket chains are holding the market back most.
Take a look at the factors which impacted the Australian sharemarket over the 2016/17 financial year
The RBA raised the official cash rate by 0.5% at its June meeting. This is the biggest lift in 22 years and the first back-to-back increase since 2010.