ASX edges higher, new wave lenders drop
Afterpay and rivals Zip and Sezzle fell heavily on the Australian share market due to a possible US probe into consumer harms from their services.
Afterpay and rivals Zip and Sezzle fell heavily on the Australian share market due to a possible US probe into consumer harms from their services.
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
Investors are waiting to see what the Federal Reserve will do to dampen inflation.
Woolworths and Afterpay shares had sizeable falls as investors questioned their short-term outlook and kept the Australian market steady.
A big slide in Woolworths shares and the selling of Afterpay stock led the ASX indices slightly lower in early trade.