ASX dips as oil rises on Middle East tensions; Wall Street retreats on inflation talk

The Australian sharemarket has retreated at the open after a rise in oil prices this morning, while Wall Street slid over the weekend following a speech by chairman Kevin Warsh that helped strengthen faith that the Fed will do what’s needed to bring inflation down.

The Australian sharemarket has retreated at the open after a rise in oil prices this morning, while Wall Street slid over the weekend following a speech by chairman Kevin Warsh that helped strengthen faith that the Fed will do what’s needed to bring inflation down.

Oil Rises Amid Renewed Fighting in Middle East  WSJ

Israel’s strike on a Syrian base to pre-empt the feared deployment of Turkish forces was part of a growing competition in the Middle East and beyond.

Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight  Reuters

But make no mistake: "We should not indulge a regime in which market participants are looking primarily to the Fed for their next trade."

Wall Street holds mostly steady following the latest update on inflation  AP News

The U.S. stock market drifted through a quiet day of trading after a report said inflation last month was a touch worse than economists expected.

The U.S. stock market drifted through a quiet day of trading after a report said inflation last month was a touch worse than economists expected