Stocks mixed, market rebound fizzles

By By Tommy Wilkes
Updated May 18 2022 - 6:46pm, first published 6:31pm
The US dollar rose 0.3 per cent to 103.61, heading back to its two-decade high reached last week.
The US dollar rose 0.3 per cent to 103.61, heading back to its two-decade high reached last week.

A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of nine per cent underlined just how much higher interest rates might be headed.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Tamworth news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.