. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX down 2.1 per cent for the week as energy stocks slide
The ASX deepened its losses after volatile week, as inflation fears continue to burden stock markets globally.
. RTT NEWS (US)
Asian Stocks Retreat Amid Renewed Fed Fears
Asian stocks finished mostly lower on Friday, tracking Wall Street’s overnight losses amid fresh concerns over a hawkish interest rate decision by the Fed next week.
. CNBC (US)
Sterling falls to 37-year low against the dollar; European stocks slide 1%
The British pound dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency.
. REUTERS (UK)
Oil steadies but remains on track for weekly decline
Oil prices were broadly steady on Friday but on track for a weekly decline on fears of sharp interest rate increases expected to curb global economic growth and fuel demand.
Gold slides as dollar, yields rise on Fed concerns
Gold prices fell for a fourth straight session on Friday to their lowest since April 2020, as expectations of a hefty interest rate hike from the U.S. Federal Reserve next week boosted the dollar and Treasury yields.
. THE WALL STREET JOURNAL (US)
Stock Futures Fall as FedEx Results Spook Markets
U.S. stock futures declined as investors braced for interest rates to keep rising rapidly, and as weak results from a bellwether stock—FedEx—raised concerns about the health of the economy