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The Australian share market opened flat on Friday.
The ASX 200 rose just 3.20 points, or 0.045% to 7,116 at the open.
The index has gained 1.19% in the past five days.
The Australian share market opened flat on Friday after Wall Street closed with modest gains amid ongoing corporate results’ announcements.
The ASX All Ordinaries index was up 0.045% at 7,361, while the A-VIX fell 5.756% to 12.641 at the open. . On Thursday, the benchmark index closed 0.2% lower at 7,112.8 points. The benchmark index was trading at 7,113.10, up 0.30 points or 0.0042% in the first 10 minutes of the trade.
In Europe, the Stoxx 50 advanced 0.6%, the FTSE rose 0.4%, the CAC gained 0.5%, and the DAX ended 0.5% higher.
On Thursday, the US Treasury yields soared after data showed that consumer prices surged in July. The yields on 10-year US Treasury note rose 2.88%.
Data Source: ASX (as of 19 August 2022, 10:30 AM AEST)
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Newcrest was the top gainer, while TPG was the top loser. Meanwhile, on the ASX, six out of 11 sectors were trading lower. Materials was the best performing sector.
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