The latest edition of our finance and property news digest with a distinctively Australian flavour.
Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple) tumbled following an unfavorable court ruling related to its app store. “There is a sense of pessimism throughout equity markets,” said Lewis Grant, senior global equities portfolio manager for Federated Hermes, a fund manager. “In recent days, the rally has seemed to lose momentum and falter, with indices retreating from historic highs,” he said. With peak everything, a deceleration is looming.
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