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ASX set to slide as Wall Street declines
A rise in oil prices is sending worries about inflation and yields in the bond market higher, erasing some of the relief the US Treasury Department created the day before.
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swissinfo.ch
US Stocks Waver as Treasury Rally Starts to Fade: Markets Wrap
(Bloomberg) -- A rebound in long-dated Treasuries ran out of steam and US stock futures struggled for direction as rising oil prices brought inflation risks back to the fore.
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Stocks Fall, Treasury Rally Unravels as Oil Climbs: Markets Wrap
(Bloomberg) -- Long-dated Treasuries gave up their gains and US stock futures fell as rising oil prices put inflation risks back on investors’ radar. Walmart Inc. tumbled 6%.
