ASX to slide, US stocks drop on renewed inflation, rate anxiety

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Australian shares are set to open lower, following New York, after US policymakers reiterated concerns about inflation and a willingness to act to contain it.

: The Star Entertainment Group also failed to give the dirty money monitor access to bank accounts, an inquiry has heard.Twitter said it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to bring about significant improvements at the social media site.

Apple said it will host its annual developers’ conference in an online format for the third year in a row, from June 6 to June 10.The iPhone maker is expected to provide updates on new software, including the iOS 16, at the conference.The pan-European STOXX 600 index was up 0.2 per cent, paring back some gains made earlier in the day, while France’s benchmark CAC 40 index lost 1.3 per cent to clock its worst day in nearly a month.

“A victory for Le Pen would worsen public finances and place a question mark over France’s place in Europe, unnerving investors,” said Jessica Hinds, senior Europe economist at Capital Economics.“At best, would undermine and frustrate European policymaking and at worst, seek to dismantle EU structures from the inside... If polls continue to move in her favour, investors are likely to become much more concerned,” Hinds said.

 

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