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ASX:DYL.AX 28 January 2026

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australian shares ended lower Wednesday, with the S&P/ASX 200 down 0.09% after inflation data showed annual CPI at 3.8%. Swaps now price a 73% chance of a February rate hike. Electricity prices surged 21.5% over the year. The Australian dollar hovered near 69.9 U.S. cents late in the session.

Stock Market Today

  • Brent Crude Hits $119 Briefly, Sends Shockwaves Through Global Markets
    March 20, 2026, 8:14 PM EDT. Brent crude oil prices briefly surged beyond $119 a barrel before pulling back, triggering volatility across global stock markets. The spike renewed concerns over supply constraints amid geopolitical uncertainties and demand fluctuations. Investors responded with caution, leading to mixed performances in major indices worldwide. The rapid price movement underlines the persistent sensitivity of energy markets to geopolitical and economic developments. Traders are closely watching for further signals as oil prices remain a key driver of stock market sentiment and inflation expectations.
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