CommSec’s Tom Piotrowski says oil share prices in the global market are creating a “bumpy ride for stocks” as it continues to feed into “inflationary expectations”.
“Worth keeping an eye on commodity-related sectors or mining stocks, you’ve got a range of commodities at multi-month high and amongst them oil,” Mr Piotrowski told Sky News Australia. “Oil was up by about four per cent last week … and what that is doing is feeding into inflationary expectations. “It’s part of the reason why you’re seeing those long-term interest rates and short-term interest rates pushing higher.Presented by CommSec.
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