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Australian market looks to US rates and iron ore prices, not Paris climate deal

Discussion in 'Market News' started by Lily, Dec 13, 2015.

  1. Lily

    Lily Forum Member

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    The Australian share market will remain under pressure on Monday due to a sliding iron ore price and an impending US interest rate decision, says CommSec

    The landmark Paris climate change deal will likely have little effect on the Australian share market, which will take its cues from a sliding iron ore price and an impending US interest rate decision.

    CommSec economist Savanth Sebastian expects the local market will remain under pressure on Monday due to falls among mining and energy stocks.

    Related: The rate rise heard around the world: Janet Yellen prepares for her big decision

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