U.S. stocks slide amid worries over inflation, growth - BNN Bloomberg

Nvidia Corp. slid 1.6 per cent in U.S. premarket trading as traders weighed Japan's decision to join a US alliance to restrict chip-making exports to China. Sodexo SA, a provider of catering services, jumped 11 per cent in Paris after announcing plans to spin off its benefits and rewards business.

Meanwhile, Reserve Bank of Australia Governor Philip Lowe pushed back against bets its tightening cycle is ending, saying policymakers still expect a need for higher rates. Markets in China, Hong Kong and Taiwan were shut for a holiday. The MSCI Asia Pacific Index dropped 0.6 per cent, with Toyota Motor Corp. and Daiichi Sankyo Co. contributing the most to its losses.

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The Daily Chase: Oil prices rise; Bank of Canada to release Business Outlook Survey - BNN BloombergOil prices are surging – up as much as eight per cent this morning – after OPEC+ blindsided traders with a surprise production cut. Opec saying good morning to North America and saying good luck controlling inflation. Dirty move. Maybe another .25 incoming now. No surprise. They warned Biden. A trader that was blindsided would have to be the most Ill informed of all time.
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