ASX to slip, Wall Street tech stocks fall as mood turns 'fairly fragile'

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The local share market is expected to open lower, as Wall Street's major technology stocks were sold off and the Australian dollar hit a three-month low.

Global stock markets dipped overnight as concerns about extended economic lockdowns in Europe and the potential for higher taxes in the United States weighed on investor sentiment.

In New York, the industrial-skewed Dow Jones reversed its earlier gains to close 3 points lower at 32,420 points. GameStop plunged after the struggling video game retailer said it may sell new shares as it looks to take advantage of a more-than-800 per cent surge in its share price since January.Global optimism falters

 

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Once global stimulus impact fizzles out in 2022, eco will be flat..it will be deflationary not inflation.,no more V shape recoveries but back to 2019 limping along . Petrol ,Gas, Coal prices starts path to plummeting prices as battery, Solar , hydrogen prices starts to move

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