Australian shares have fallen in early trading, tracking a lower finish on Wall Street, amid fears of inflation and policy tightening by the US Federal Reserve.Stocks dropped in Europe, Asia after Wall Street sell-offThe ASX 200 was down 0.9 per cent at 7,116, by 10:21am AEDT.However, there weren't many significant gains at the opening. Uniti Group , Blackmores , and Coles were among the top movers.
Fortescue has been working with WAE since last year to develop a battery system that could power its mining haul trucks as part of its ambition to slash carbon emissions.Aside from reducing emissions from its mines, the miner said WAE was "an important new business growth opportunity" that will be rolled under its Fortescue Future Industries green technologies umbrella.
Both the S&P 500 and the Nasdaq posted their biggest weekly declines since the market crashed in March 2020. But a slowing economy in the months ahead will probably give the Fed second thoughts, said Steven Ricchiuto, US chief economist at Mizuho Securities USA LLC.
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