Summary
THE soaring cost of raw materials is beginning to have a depressing effect on stock markets around the world.
With the oil price pressing toward $70 a barrel, gold climbing above $600 an ounce and silver trading at its highest for 23 years, investors are starting to fret about the threat of growing inflation and the impact on company profits.See the full content of this document
Extract
Raw-Materials Rise Sparks Global Drag
Share prices fell sharply on Wall Street overnight amid fears the US Federal Reserve may be forced to continue raising rates to squeeze out inflationary pressures. The selling spilled over into the F...
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