The Australian dollar was buying 70.45 US cents after a 1.3 per cent rebound.
On US markets, the S&P 500 closed 0.6 per cent lower, at 3,901 points. The day before, it plunged by more than 4 per cent — its worst one-day loss since June 2020. The S&P 500 has fallen 18 per cent from its January record high, with surging inflation, geopolitical uncertainty stemming from the war in Ukraine and the US Federal Reserve's rate hikes clouding the economic outlook.
The networking gear maker lowered its 2022 revenue growth outlook, taking a hit from its Russia exit and component shortages related to COVID-19 lockdowns in China."The reality is that inflation is running hot and interest rates are rising," Terry Sandven, chief equity strategist at US Bank Wealth Management in Minneapolis, said.
Really? If only these market predictions were true but they are wrong so often they are starting to remind me of weather forecast accuracy.
To be expected, China lying to the world about covid at the start has killed millions of people and destroyed so many economies, yet Labor condemn Australians for doing a bad job over covid whilst praising China
here are my naked photos
Why is Dutton involving Australia with Ukraine Nazis and bioweapon labs? Continue to lie for much longer? Why is NATO lying about Ukraine? Cabal NWO extremely corrupt organisation. Zero credibility. Protecting Biden the criminal fraud. dismantleNATO