. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX falls 1.6 per cent in midday trade after Wall Street drifts lower
Materials and energy stocks were dragging the Australian sharemarket down at midday after Wall Street’s early gains were wiped out overnight.
. CNBC (US)
European markets set to slump at the open as recession fears grow
European markets opened lower on Wednesday as investors continued to dwell on the recessionary outlook in the region and as inflationary pressures continue to grow.
. RTT (US)
Asian markets mostly lower on weak Wall Street cues
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight
. REUTERS (UK)
Oil falls on renewed demand concerns, rate hike expectations
Oil prices fell on Wednesday as Covid-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth
Gold prices drop as firmer dollar, bond yields dent appeal
Gold prices fell on Wednesday, as the U.S. dollar and Treasury yields rose after economic data bolstered expectations the Federal Reserve will continue on an aggressive rate-hike path