Wartime commodity rally fuels global growth fears
The potential slowdown in economic growth will force central banks to tweak their approach to monetary policy.
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The potential slowdown in economic growth will force central banks to tweak their approach to monetary policy.
Crude oil prices are likely to rise above $100 per barrel due to strong global demand, market strategists said this week, citing a potential war between Russia and Ukraine as one of their top concerns for markets in 2022. Oil prices would gain if global supplies got disrupted, and as “substitution” demand from sky-rocketing natural ...
Bjarne Schieldrop, chief commodities analyst at SEB in Oslo, said oil prices in equivalent terms already look “cheap” in comparison to natural gas.
Australian shares face further losses on Monday after heavy selling of US stocks and cryptocurrencies continued into the weekend.
Growing nervousness about rising interest rates across global financial markets spilled over onto the ASX on Friday, pushing the Australian sharemarket to its biggest weekly loss since 2020.