Microsoft is the latest global tech company to lay off staff as recession worries increase globally. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
By Emilia TerzonABC business reporter Emilia Terzon here back on my first markets blogging shift after Summer holidays.This morning we're expecting the ASX to open lower after US markets pulled back from a recent rally.
There's concerns on Wall Street about job losses and, as seems to be the constant theme, potentially more rate hikes by the Fed.That is as inflation data in the UK shows price hikes there are easing. The UK's CPI was still at 10.5 per cent for December, though. Ouch.
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