News Formal

ASX to open flat, global stocks and oil prices dip, RBNZ to lift cash rate

  • 📰 abcnews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 83%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Australian shares are expected to start the day flat after world stocks traded mixed while oil prices dipped.

Overnight, Wall Street ended in negative territory as growing signs of recession kept buyers out of the equities market ahead of inflation data.

"For several months we've swung back and forth between inflation fears and recession fears, almost on a daily basis." Paul Kim, chief executive officer at Simplify ETFs in New York, expects year-on-year topline CPI to "be in the high eight or potentially even nine percentage range, and with inflation that high, the Fed has only one thing in mind."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX LIVE: ASX to rise, Wall St lower on earnings angstAustralian shares are set to edge higher, though US losses could check the advance. $A drops. Copper, iron ore fade on China concerns. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX LIVE: ASX to rise, Wall St lower on earnings angstAustralian shares to edge higher; Viva first-half sales volumes increase; MyDeal beats FY22 guidance; Spark to sell 70pc of TowerCo business for $NZ900m. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »