Australia: Shares at 1-month low on US rate rise concerns

Australian stocks fell for a third straight session on Monday to their lowest in over a month as sentiment was dampened by comments from top US Fed officials raising the possibility of an interest rate hike this year.

The S&P/ASX 200 index fell 0.4 per cent as of 0232 GMT. The benchmark lost 0.5 per cent last Friday.

Fed chair Janet Yellen told a global monetary policy conference last Friday that the case for a rate increase had grown stronger, but she did not indicate when the Fed might hike rates.

However, Fed vice chair Stanley Fischer suggested a move could come at the central bank's September policy meeting if the economy was doing well.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg