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ASX sheds about $90b in a week amid rate rise fears, oil price surge
The Australian sharemarket slumped on Friday as surging oil prices pressured bond yields and squeezed central banks to consider raising interest rates.
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smh.com.au
ASX dips as oil hovers near $US100; Austal jumps on $1.9b bid
Rising oil prices have worsened worries about the high inflation weighing on consumers and companies with the Reserve Bank under increasing pressure to raise rates.
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theage.com.au
Miners and banks send ASX tumbling as oil prices, bond yields rise
The Australian sharemarket has slumped to a fresh six-week low as crude oil traded above $US100 a barrel amid further escalation in the US war with Iran.
