Vly News - Professional news Platform

The Australian stock market lost more than 1 percent of its value in early trade and Rio Tinto announced a weaker economic outlook from Russia’s invasion of Ukraine and China’s COVID-19 lockdown. Key points: The Dow Jones index fell 0.5% to 30,630, the S&P500 fell 0.3% to 3,791, while the Nasdaq Composite index was steady at 11,251. The FTSE 100 index fell 1.6 percent to 7,040, Germany’s DAX fell 1.9 percent to 12,520 and Paris’ CAC 40 fell 1.4 percent to 5,915. Australian stock market is down more than 1 percent in early trading, pulled in by big miners In the first half hour of trading, the All Ordinaries index was down 1.2 percent, or 89 points, to 6,764, and the ASX 200 index was down 1.3 percent, to 6,565. Sectors of interest to the market include miners, energy companies, banks and real estate. Big miners fell as iron ore prices plunged 4.8 percent to 104.96 dollars a tonne on recession fears. The Australian dollar fell to 67.42 US cents after surging to nearly 68 US cents ye

Another record inflation reading against the backdrop of a tight labor market and rising food and goods prices will, despite the recent declines in oil and therefore gasoline prices, leave the Fed with no choice but to continue raising rates aggressively, even if it does. risk of pushing interest rates up. US economy into recession. In fact, the drop in oil prices – dropping below $100 a barrel on Tuesday for the first time since dropping briefly below that level in April – also reflects the view among traders in commodity markets that a recession and falling demand are imminent. . With inflation at an unprecedented rate and such a raw tool monetary policy, it is almost inevitable that [Fed] must induce a recession to try to control inflation. There are those, including the Fed, who believe that a two-year/10-year inversion, because of their imperfect record in predicting a recession, is less useful as a guide to the economy’s future than a three-month/10-year yield relationship, in