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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.

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