Subscribe Sign in

Business

Investors get defensive as ASX 200 drifts to a 15-week low

1 min read Rewritten in plain language

ASX Share Market NewsConsumer Staples and Discretionary SharesTrending

Show what we removed
  • S&P/ASX 200 Index consumer staples and healthcare were the only two sectors in the green last week.
  • The benchmark index fell 0.76% over the week to close at 8,665 points, after hitting a 15-week intraday low on Friday.
  • Inflation remains above the RBA's 2% to 3% target, and last week the Governor, Michele Bullock, spoke of "materialising" upside risks.
  • The Woolworths Group Ltd share price rose 0.63% to $38.47 per share.
  • ASX 200 agricultural share Graincorp Ltd rose 0.15% to $6.57.

5 sentences from our version of the report, chosen to cover it. Nothing here is written; every line is in the article below. How

S&P/ASX 200 Index consumer staples and healthcare were the only two sectors in the green last week.

The report’s most important sentence, shortened and in plain words. How

Headline check

All two things this headline claims are in the report.

Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. How this is checked

PIIGS Mk 4 map
PIIGS Mk 4 map The original uploader was Snow storm in Eastern Asia at English Wikipedia . / Wikimedia Commons, CC BY

S&P/ASX 200 Index consumer staples and healthcare were the only two sectors in the green last week.

The traditionally defensive sectors found favour during tough trading as investors braced for an interest rate hike on Tuesday.

The benchmark index fell 0.76% over the week to close at 8,665 points, after hitting a 15-week intraday low on Friday.

Traders are pricing in a 95% chance of the Reserve Bank raising the cash rate to 4.6% this week.

Inflation remains above the RBA's 2% to 3% target, and last week the Governor, Michele Bullock, spoke of "materialising" upside risks.

Markets are pricing a 95% chance of a 25-bp hike to 4.60% in September and a possible peak around 5.10%.

ASX 200 consumer staples shares rose 0.78% and healthcare edged just 0.09% higher.

The Woolworths Group Ltd share price rose 0.63% to $38.47 per share.

ASX 200 wine share Treasury Wine Estates Ltd lifted 5.24% to $5.42.

ASX 200 agricultural share Graincorp Ltd rose 0.15% to $6.57.

Shortened to 1 minute of reading, this version reads 11.8 on the Niral Score.

You are reading our version, not theirs. This is The Motley Fool Australia's report shortened to its most important sentences, in plainer words, with verdicts and loaded words taken out. Plain description stays, and so do adjectives that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations are theirs — quotations are never edited — and the indicators beside it measure this version. Hover or tap Adjectives to see every one left in the text.

How this outlet filed it, and how we rewrote it

No other newsroom we read has filed on this event, so there is nothing to compare it with yet.

Outlet Niral ScoreAdjectivesSourcingSentimentHappiness
The Motley Fool Australiaas they published this story 12.9 7 18 -0.2 52.9
Mundane Readneutralized from The Motley Fool Australia 12.5 7 18 -0.2 52.9

Sign in to react.

Comments

Nothing here yet.

Sign in to comment.

Questions

Readers can ask a question about this story here. Questions and answers are for subscribers. Sign in to read them.

Comments are read before they appear where anything in them needs a person to look. Nothing posted here is ever deleted; a comment taken down keeps its text and the reason, so the decision can be looked at again. How this works