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Markets mostly drop as oil...

HONG KONG: Most markets fell Wednesday...

Markets mostly drop as oil spike fuels fresh inflation fear

HONG KONG: Most markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike.The dollar eased slightly against its major peers after rallying Tuesday on new monetary tightening bets, though it remained elevated.The share selling came after US traders returned from a long weekend to spark a sell-off after Saudi Arabia and Russia said they would extend crude output cuts to the end of the year.The news, which surprised some owing to the length of time, sent...

Karl Jörg - September 6, 2023

Business Profiles

Markets mostly drop...

HONG KONG: Most markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest...

Karl Jörg - September 6, 2023

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