ASX falls for fourth straight week, oil prices surge | Finance Report | ABC NEWS
The Australian share market fell for its fourth week in a row as surging oil prices and the high likelihood of an interest rate hike weighed on sentiment. Brent crude futures jumped as high as $US108 per barrel on reports Donald Trump may announce a US diesel export ban. Meanwhile, the 30-year Treasury yield surged to around 5.2 per cent, driving the US government’s long-term borrowing costs to their highest level since 2004. Bond investors are demanding higher returns from the US government for the risk of higher-for-longer inflation as the Middle East war drags on. Presented by David Chau.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-09-25/asx-markets-business-news-live-updates-sept-25/107184538
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
