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Weekly Broker Wrap: BNPL rankings; banks; steel; and are energy costs weighing on world growth?

ASX to drop, Wall St pulls back from record high Share Australian shares are set to drop at the open, taking their direction from Wall Street as all three major benchmarks ended lower to start their week amid renewed concerns about inflation. ASX futures were down 52 points or 0.7 per cent to 7096 near 7am AEST. The currency slipped, hovering near US78.40¢. The yield on the US 10-year note rose 2 basis points to 1.60 per cent near 4.59pm in New York. On Wall Street, shares were mostly lower with all three benchmarks closing down. The Dow turned negative late to finish down 35 points or 0.1 p...