ASX slumps to seven week slow as global inflation fears escalate

The ASX200 has fallen to a seven-week low as surging oil prices and rising inflation fears rattle global markets. In this episode of SBS On the Money, Ricardo Gonçalves speaks with David Scutt from StoneX Group Inc. about the market sell-off, the impact of the Middle East crisis on energy prices, and why investors are now bracing for possible interest rate rises in the United States after inflation climbed to a three-year high. The episode also looks at sharp losses for Brambles and major miners including BHP.