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Rising oil prices pressure global markets as ASX set to slip

By ChordNews · First written (updated )

Live: Market puts chance of November interest rate hike above 60pc
Image: abc.net.au
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Summary

Oil prices have jumped, putting downward pressure on global stock markets, and the ASX is set to slip, according to ABC News' live markets blog. Wall Street has also retreated. The Reserve Bank of Australia is tipped to raise interest rates next week, and markets put the chance of a November rate hike above 60 per cent.

This continues an earlier story: Australian shares fall after US tech rout over AI spending concerns

Later: Star Entertainment enters trading halt as it responds to $260 million fine over Sydney casino money laundering

Timeline

  1. ABC News

    Source ↗

    ABC News reports that the market puts the chance of a November interest rate hike above 60 per cent, with the RBA tipped to hike next week, while rising oil prices pressure global markets and the ASX is set to slip.

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