Wall Street has bounced back from losses induced by rate hike concerns, with the Australian share market set to follow.The Dow rose 0.3 per cent overnight while the S&P 500 gained 0.4 per cent. The Nasdaq inched up marginally.Oil is wavering and is just over $US100 a barrel for brent. That's as the world mulls up what lockdowns in China and further reserve releases will do to global supply and demand.
Brent plunged more than 5 per cent yesterday, following the International Energy Agency's announcement that US allies will deploy 60 million barrels from stockpiles.Bitcoin is down 0.4 per cent to $US43,536.
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