S&P/ASX 200 slips 0.66% as inflation fears grip global markets
Companies
S&P/ASX 200 slips 0.66% as inflation fears grip global markets
Brent crude futures rose 0.5% to US$68.67 a barrel on worries of gasoline shortages due to the outage at the largest US fuel pipeline system following a cyber-attack. Wednesday’s US consumer inflation data for April is expected to show the biggest year-on-year gain in a decade.
S&P/ASX 200 (INDEXASX:XJO) fell 0.66% to 7050 points by 12.50 pm, with the banks, materials, and property stocks weighing heavily.
Investors have grown worried about the threat of inflation, with the US Dow Jones Industrial Average falling 1.4% on Tuesday, its worst day since February.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Proactive news headlines including Walkabout Resources, Emyria, CardieX, Noxopharm and Danakali
Proactive InvestorsMay 12, 2021 GMT
Sydney, May 12, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Walkabout Resources Ltd (ASX:WKT) (FRA:N6D) has raised A$6.4 million in tranche one of a staged placement that will enable it to advance construction of the flagship Lindi Jumbo Graphite Mine in Tanzania. Click here
Emyria Ltd (ASX:EMD) has achieved class IIa ‘Software as a Medical Device’ registration in Australia for its unique smartphone-based, medical-grade, heart rate, heart rate variability and atrial fibrillation monitoring application using only a smartphone camera. Click here