. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX posts worst decline in 3 months as inflation shock hits home
Sharemarkets have tumbled across the globe amid a realisation that inflation in the world’s largest economy is here to stay.
RTT NEWS (US)
Asian shares retreat amid global sell-off
Asian stocks fell on Wednesday and the yen’s continued depreciation prompted the Bank of Japan to conduct an operation often seen as a precursor to currency intervention
Europe lower at open on CPI reports
Major stock indexes in Europe opened the Wednesday session in the red, as investors digested the latest batch of Consumer Price Index (CPI) reports
Stock futures higher after major averages suffer worst day since June 2020
Stock futures traded higher on Wednesday morning after another hot inflation reading sent the major averages tumbling to their worst day since June 2020 and dampened investors’ expectations of a less hawkish Federal Reserve
. REUTERS (UK)
Oil prices creep higher on robust global demand outlook
Oil prices inched higher in early trade on Wednesday as OPEC stuck to forecasts for robust global fuel demand growth, offsetting concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August
Gold dips amid firm dollar, concerns over aggressive U.S. rate hikes
Gold prices edged lower on Wednesday after hotter-than-expected U.S. inflation data boosted the dollar and expectations that the Federal Reserve will continue on aggressive policy tightening path.