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ASX to slip, Wall St slides on rate rethink – The Australian Financial Review
Australian shares are poised to decline as US stocks fell as price pressures bring forward interest rate hike expectations.
On Wall Street, all three major benchmarks fell after the October CPI report heightened concerns that inflation was a rising threat to the economic outlook. The VIX surged more than 9 per cent.
Energy led eight of the S&P 500s industry sectors lower. Oil…
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