Rising bond yields, oil prices, and now heightened geopolitical tensions in the Middle East have seen equity markets pull back. The S&P/ASX 200 (INDEXASX: XJO) is effectively flat year-to-date, giving up gains of close to 8% seen in July.
The Australian sharemarket closed at its lowest point in 11 months on Wednesday, hampered by a weak lead-in from Wall Street, and its interest-rate worries.
