. THE SYDNEY MORNING HERALD
ASX falls as global recession fears sour sentiment
The local market closed firmly in the red after Wall Street suffered more losses and local investors digested hawkish comments from the Reserve Bank on rates and inflation.
. RTT NEWS
Asian shares decline on US rate worries, weak China data
Asian stocks declined on Wednesday as investors reacted to mixed data out of the United States and China
European markets mixed as global sentiment wavers on recession fears
European stocks were muted on Wednesday as jitters set in over the state of the global economy.
Oil opens mixed as economic fears pressure prices
Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates pressured prices
Gold struggles for momentum as investors await further Fed cues
Gold prices struggled for momentum in early Asian trade on Wednesday as investors looked to next week’s U.S. Federal Reserve policy meeting for clues on the pace of rate hikes.