June 6 (Reuters) - Australian shares fell on Monday, pulled
down by a slide in global equities on Friday as U.S. jobs data
signalled the Federal Reserve will likely continue raising
interest rates to ease inflation.
The S&P/ASX 200 index was down 0.4% at 7,211.80 by
0038 GMT, with most sub-indexes in red. The benchmark closed
0.9% higher on Friday.
In other key markets, Japan's Nikkei was down 0.3%
at 27,685.43 and S&P 500 E-minis futures rose 0.1%.
Back home, metals and mining index declined 1%, with
Rio Tinto, BHP Group and Fortescue Metals
Group falling between 0.5% and 1%.
Financials retreated 0.4%. National Australia Bank
and Australia and New Zealand Banking Group
dropped 0.7% and 0.3%, respectively.
Domestic technology stocks were the lead laggards on
the local bourse, tumbling 1.9% as they tracked Wall Street's
weak finish from Friday.
ASX-listed Block, Xero and WiseTech Global
were down between 4.7% and 1.8%.
Gold stocks lost 1.3% as prices of the metal fell on
Friday. Newcrest Mining and Northern Star Resources
were down 0.2% and 1.3%, respectively.
On the upside, energy stocks gained 1.7% and were on
track to hit an over two-year high as oil prices rose in early
trade after Saudi Arabia raised prices sharply for its crude
sales in July.
Oil and gas major Woodside Energy Group climbed
2.2% in its fourth straight session of gains.
Meanwhile, Santos rose 1.4% to hit an over two-year
high after the gas producer said on Sunday it is taking steps,
along with its joint venture partner Beach Energy, to
increase domestic supply of the energy resource.
Separately, a Reuters poll found that Australia's central
bank will raise rates by a modest 25 basis points (bps) at its
June 7 meeting, while nearly a third of the respondents
predicted a larger 40 bps hike.
New Zealand's benchmark S&P/NZX 50 index did not
trade on account of a public holiday.
(Reporting by Upasana Singh; Editing by Shailesh Kuber)