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Inflation spooks Wall St, Oil & iron ore $ slide, Pendal, Lendlease, Ramsay on watch: ASX to dive

10 May 2022 – Global benchmarks continue to tumble with several cross currents weighing on investor’s minds. After China’s President on Friday recommitted to the zero-Covid19 strategy, the prospect of extended lockdowns sparked further fears of a global economic slowdown. AUD fell over 1%, now 69.6 US cents. Commodity prices, including iron ore and oil tumble on demand concerns.

Source: Finance News Network

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