after Chalice Mining took an interest in its shares.ASX futures down 46 points or 0.6% to 7596 near 4.23am AESTOn Wall St: Dow -0.9% S&P -0.5% Nasdaq-0.7 %Tesla +2.8% Microsoft -2.4% Apple +0.3% Nvidia +4.1%Stoxx 50 -1.0% FTSE +0.5% DAX -0.9% CAC -0.9%Iron ore +0.3% to $US118.30 a tonneAdvertisementUS economic data showed a sharp, unexpected slowdown in the economy and increased inflationary pressures.
Jeffrey Roach, chief economist at LPL Financial: “The economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge. Savings rates are falling as sticky inflation puts greater pressure on the consumer. We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed’s 2% target still looks a long ways off.
Overseas: Industrial profits Mar; Euro zone M3 money supply Mar; NZ ANZ consumer confidence Apr; UK GfK consumer sentiment Apr; US personal income and personal spending Mar; US PCE core MarBullish Bitcoin traders appear to have scaled back their bets on the world’s largest cryptocurrency as its two major tailwinds subside.
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