ABC News Australia

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ABC News is the official channel of the Australian Broadcasting Corporation, providing 24-hour live streams, breaking news coverage, and regular updates. The channel features flagship programs such as 7.30, The Business, Insiders, and The World, delivering comprehensive coverage of Australian and global affairs.

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Inflation fears drag ASX to seven-week low, oil jumps above $US100 | Finance Report | ABC NEWS

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The Australian share market wiped out all its gains since late July after the benchmark oil price, Brent crude, surged above $US100 per barrel.
The latest escalation in US-Iran hostilities is raising concerns the war will drag on beyond the US mid-term elections in November, which will likely keep inflation higher for longer. 
There is a high likelihood the European Central Bank (ECB), Bank of Japan (BoJ), US Federal Reserve and Reserve Bank of Australia (RBA) will lift interest rates in response to the inflationary pressures.

Presented by David Chau.

Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-09-10/asx-markets-business-news-live-updates-thursday-10-september/107136246

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