ASX to slip, overseas shares sink on rate angst

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ASX to slip, overseas shares sink on rate angst
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Australian shares are set to open lower. Shares in the US, and earlier across Europe, dropped as policymakers made clear higher rates lie ahead.

Jacinda Ardern saw the writing on the wall and pulled the pin on politics. But she leaves a strong legacy as prime minister of New Zealand.Coal giant Glencore urged the government to explain how a coal price cap will save households as BHP said the cost of mining NSW coal may soon exceed the cap.AUD -0.6% to 68.99 US centsIn New York: BHP +0.4% Rio +1% Atlassian -1.4%In Europe: Stoxx 50 -1.9% FTSE -1.1% CAC -1.9% DAX -1.7%Brent crude +2% to $US86.71 a barrelUS prices as of 12.

The cabinet minister called for building on the deal brokered last July by the United Nations and Turkey, which opened three Ukrainian Black Sea ports that had been blockaded by Russian forces for food exports to alleviate the global market.

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