Aussie shares hand back early gains for flat finish
By Adrian Black
The Australian share market has continued to trade in a holding pattern. -AAP Image
Australian shares have traded flat after a stronger US dollar weighed on commodity prices, scuppering an early rally.
Hold tight - we’re checking permissions before loading more content
The S&P/ASX200 ended Monday 3.5 points higher, up 0.04 per cent to 8,685.6, as the broader All Ordinaries gained 3.8 points, or 0.04 per cent, to 8,858.5.
Interest in the local market waned as investors weighed a potential fiscal crisis in France, prompting them to sell Euros for US dollars, bolstering the greenback and reversing an early lift in commodity prices.
Seven of 11 local sectors ended the session lower, led by consumer cyclicals, IT and communications stocks.Â
The Australian dollar is buying 69.37 US cents, down from 69.69 on Friday at 10pm.
9°C