Markets globally are in the red, as the world considers continuing inflation and the likelihood it will be tackled with rising interest rates.
At 7am AEST, ASX 200 futures were down 0.8 per cent.
That was after Wall Street and European stocks ended down in trade overnight, with losses as high as 1.1 per cent on the S&P 500."Brent oil is up for the eighth day in the past 10," NAB notes this morning."After some indication of a likely ease in inflationary pressures, the renewed uptick in oil and energy prices is stoking concerns central banks will be forced to increase their hawkishness.
Inflation data for the United States is also out this week. The last round showed yet another spike in prices.
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