. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX sheds $45b after Fed chief Powell spooks markets
The Australian sharemarket dropped 2 per cent after Fed chair Jerome Powell’s speech sent Wall Street plunging.
. RTT NEWS (US)
Asian Markets Tumble Amid Global Sell-off
Asian stock markets are trading lower on Monday, following the global sell-off on Friday
. CNBC (US)
European markets lower after Powell’s interest rate warning; Germany’s DAX down 1.1%
European markets were lower on Monday after U.S. Federal Reserve Chair Jerome Powell signaled higher interest rates would likely persist in a bid to tame soaring inflation.
. REUTERS (UK)
Oil mixed as OPEC supply cut prospect offsets demand fears
Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth “for some time.”
Gold dips as dollar firms on Powell’s hawkish tone
Gold prices fell on Monday, as the dollar held on to gains following U.S. Federal Reserve Chair Jerome Powell’s signal that the central bank will raise interest rates further to tame sky-high inflation.
