The latest edition of our finance and property news digest with a distinctively Australian flavour.
European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
Fears over China’s COVID-19 outbreaks spooked investors already worried that higher U.S. interest rates could dent economic growth. U.S. shares were lower throughout most of the session, extending last week’s sharp declines.
The Dow cut losses to close higher Monday as dip-buying in tech stocks ahead of a crucial week of quarterly results for big tech steadied the broader market just as global growth worries returned.
Go to the Walk The World Universe at https://walktheworld.com.au/
