. THE SYDNEY MORNING HERALD
ASX closes on a high after Wall Street’s inflation surprise
The Australian sharemarket closed higher on Wednesday with energy and material stocks gaining following a negative start to the week.
. RTT NEWS
Asian stocks end trading on a positive note
Euphoria surrounding the lower-than-expected inflation readings in the U.S. helped most of the Asian benchmarks to finish Wednesday’s trading on a positive note
European stocks retreat as markets digest inflation data; Fed outcome ahead
The pan-European Stoxx 600 was down 0.5% in early trade, with travel and leisure stocks shedding 2.2% to lead losses as all sectors and major bourses slid into the red.
Oil prices slip on surprise build in U.S. crude stocks
Oil prices fell in early trade on Wednesday after industry data showed a big build in U.S. crude inventories, rather than the decline forecast by analysts, reinforcing fears about weakening demand even as supply tightens.
Gold flat as traders strap in for Fed decision
Gold prices were flat on Wednesday, with investors readying themselves for the U.S. Federal Reserve’s rate-hike decision later in the day.
. THE FINANCIAL TIMES
Binance suffers $1bn outflow in one day as crypto jitters spread
. THE WALL STREET JOURNAL
Bankman-Fried Charged With Fraud, Conspiracy
FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders.
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
There may be more financial pain, that’s pretty sure — but it might not be as bad as feared, according to Vanguard’s look ahead to 2023.
Equity Rally Fizzles as Caution Over Fed Dominates
US equity-index futures traded weaker as investors debated whether inflation had eased enough to encourage the Federal Reserve to slow monetary tightening.