. THE SYDNEY MORNING HERALD (AUSTRALIA)
ASX closes flat as financial stocks rise
The day ended as it began on the local sharemarket, following comments from former US treasury secretary Larry Summers said recession was “almost inevitable” in the world’s largest economy.
. RTT NEWS (US)
Asian Markets Mostly Lower On Weak Global Cues
Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from global markets overnight, due to continuing concerns about rising interest rates and economic slowdown
. CNBC (US)
European markets slightly lower as investors look ahead to U.S. inflation data
European markets were slightly lower on Wednesday, with global growth concerns dominating sentiment and investors looking ahead to Thursday’s inflation data out of the U.S.
. REUTERS (UK)
Oil prices extend decline on recession fears, China Covid curbs
Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening Covid-19 curbs in China.
. THE FINANCIAL TIMES (UK)
BoE signals to lenders it is prepared to prolong bond purchases
Officials have privately indicated flexible approach if market volatility flares up
. THE WALL STREET JOURNAL (US)
U.K. Crisis Spills Into U.S. Junk Debt
Collateralized loan obligation prices have been hit hard by a slump in the British pound and the unwinding of U.K. pension investments.
