abc.net.au/news/asx-australian-share-market-business-company-global-stock/101489278Australian shares are expected to start the day lower after Wall Street ended down sharply overnight on worries that the US Federal Reserve's aggressive fight against inflation could hobble the US economy, and as investors fretted about a rout in global currency and debt markets.Overnight, the Dow Jones index fell 1.5 per cent, the S&P 500 lost 2.1 per cent and the Nasdaq Composite climbed 2.
China currency intervention talk was gathering momentum too, while Europe's government bond markets were braced for the highest German inflation reading since the 1950s.
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