Australian Shares Fall in Early Trade as Investors Keep an Eye on Rising Rates and Covid

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Australian Shares Fall in Early Trade as Investors Keep an Eye on Rising Rates and Covid
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Australia’s ASX 200 declined 0.58% as most sectors struggled for gains.

following the release of the December nonfarm payrolls report, where 199,000 jobs were added for the month. That fell significantly short of the market's expectation for 422,000 jobs.

Last week, minutes from the U.S. Federal Reserve's December meeting indicated that officials are ready to aggressively dial back policy support. It showed that the central bank is planning to shrink its balance sheet in addition to hiking interest rates.around the globe following the emergence of the highly transmissible omicron variant. Places like the U.S. and U.K. have reported record number of cases in recent weeks.In the currency market, the dollar index traded up 0.07% at 95.

The Japanese yen changed hands at 115.62 per dollar while the Australian dollar traded near flat at $0.7180.Also on CNBC

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