Australian shares face opening decline; US stocks fall after Federal Reserve minutes indicate faster rate rises to quell inflation.
Bitcoin fell sharply to the lowest level since the end of September on Thursday morning, following news in the US that the Federal Reserve may increase interest rates faster than previously stated to address quickly rising inflation.
Rising rates threaten to quell the animal spirits that have helped to push risk assets, from cryptocurrencies to shares, to record highs through the pandemic.Aristocrat Leisure will have to wait longer to learn if its bid for gaming tech group Playtech will be taken up by shareholders after a rival company was given an extension in making an offer for the business.
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