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Australian Shares Dip as Oil Hits Seven-Week High
Brent crude near $98 a barrel is stoking inflation worries as US-Iran tensions and weaker European cues pressure Australian futures.
Summary by The West Australian
9 Articles
9 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
ASX set to slide as oil prices rise; Copper prices soar
European stocks were weighed down by higher oil prices and a drop in Novartis following the failure of a heart drug, while Wall Street was closed for the Labor Day holiday.
·North Sydney, Australia
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ASX set to edge lower as oil hits six-week high
US markets were closed on Monday for the Labor Day holiday, although equity futures pointed to a cautious start when trading resumes.Dow Jones Industrial Average futures fell 308 points, or 0.6%, while S&P 500 futures slipped 0.2%. Nasdaq 100 futures bucked the trend, edging 0.1% higher.Investors remain focused on the Iran war after the US
Coverage Details
Total News Sources9
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
Factuality
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