The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
In our latest market update we scan the markets as usual, and it seems to me, finally the markets are beginning to wake up to the huge downside risks which are inherent in an over-valued inflation driven, conflict strewn environment. And it is worth remembering that many “professional” investors earn money facilitating the trades of other investors, so they still have a vested interest in talking the markets back, or higher. For now, there is no reason to think the dip is over.
Indeed, Wall Street fell at the end of a volatile week on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy. Equities briefly rebounded from session lows in early trading after stronger-than-forecast American jobs data. The greenback rose to the highest level since 2020 and Treasury 10-year yields slumped to 1.7 per cent.
So, stocks dropped, while the dollar climbed with bonds as concerns that war risks are intensifying roiled markets around the globe. Commodities pushed higher amid fears of supply crunches, heading toward their biggest weekly surge since the 1974 oil crisis.
