Australian shares flat amid further hawkish Fed talk – ASX200 up just 5.3 points, at 7,365.5 (19/4)

The local share market has finished little changed as strong economic data and further hawkish rhetoric from Federal Reserve officials undercut hopes for a pause in US interest rate hikes.

The benchmark S&P/ASX200 index on Wednesday finished up just 5.3 points, or 0.07 per cent, at 7,365.5, while the broader All Ordinaries had gained 3.8 points, or 0.05 per cent, to 7,561.3.

The Australian dollar was buying 67.10 US cents, from 67.31 US cents at Monday’s ASX close.

Derek Rose
(Australian Associated Press)