ASX: Australian shares to fall as IMF warns of ‘tepid 20s’ as Wall Street is little changed

Australian shares are poised to fall as the IMF warned the global economy risks falling into a “tepid twenties” this decade if inflation and debt challenges are not addressed.

The European Central Bank, meanwhile, gave its clearest signal yet that it will probably cut rates in June after holding them steady overnight, with president Christine Lagarde stressing that the nature of inflation in Europe was different from the US. Bond traders are readying for 10-year US Treasury yields surpassing 5 per cent as the scenario of no rate cuts by the Federal Reserve this year looks increasingly possible.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX: global equity rally could push ASX 200 to reset recordHopes of rate cuts from major central banks in the first half of the year are continuing to buoy equity markets, making this week’s local inflation data pivotal for investor sentiment.
Source: FinancialReview - 🏆 2. / 90 Read more »