Stocks mixed, market rebound fizzles

By By Tommy Wilkes
Updated May 18 2022 - 8:46am, first published 8:31am
The US dollar rose 0.3 per cent to 103.61, heading back to its two-decade high reached last week.

A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of nine per cent underlined just how much higher interest rates might be headed.

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