Sparked by fears of a US recession, the ASX has shed more than $100 billion, tumbling 3.7%. Meanwhile, on the back of hiking finance charge rates, the Japanese sector had a massive fall. Subscribe: http://ab.co/1svxLVE Economist Besa Deda says Friday’s release of US payroll data prompted a sector panic. ABC News provides around the clock … Read more
With the most recent US Jobs Report coming in much hotter than expected, it has many industry participants wondering how this might affect the #Fed’s plans to raise finance charge rates. Generally speaking, good economic news during a period of high inflation may be seen as a bad thing as it allows the #Fed to … Read more
The party is coming to an end folks. Stock markets are trading at all-time highs and heading for their ninth straight year of record valuations, but one famed investor – known to many as Dr. Doom – is not falling for the hype. “The fact that a sector goes up does not necessarily mean it … Read more