markets in brief

World Markets Daily News – In Brief – Friday 11/03/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX drops 0.9% after US inflation hits 40 year high, tech leads declines

The ASX 200 dropped 0.9%, or 67.2 points to 7063.6 after US inflation hit a 40 year high.

. RTT NEWS (USA)

Asian Shares Retreat On Inflation Worries

Asian stocks succumbed to selling pressure on Friday as inflation worries mounted and Russia’s invasion of its neighbor Ukraine entered the 16th day

. TELETRADER (AUSTRIA)

Europe opens mostly higher, amid inflation, GDP data

Major stock markets in Europe opened mostly higher the last session of the week, while investors received fresh economic data and remained expectant regarding the Ukraine crisis and its impact on the global economy.

. CNBC (USA)

Stock futures are muted as Dow heads for fifth straight losing week amid Russia-Ukraine war

Stock futures were relatively muted ahead of Friday’s session, though the Dow Jones Industrial Average looked set for its fifth losing week in a row amid Russia’s invasion of Ukraine.

. REUTERS (CANADA)

Oil steadies amid supply doubts, but heads for sharp weekly decline

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers.

. MARKETWATCH (USA)

Gold prices down for the session, up for the week as investors weigh Ukraine-Russia conflict developments

Gold futures trade lower on Friday but eye a gain for the week, as Russian President Vladimir Putin implied progress in talks on the conflict in Ukraine and a U.S. move to revoke Moscow’s special trade status tugged at the precious metal’s appeal as an investment safe haven.

. BLOOMBERG (USA)

Top fund manager is bullish on Indian stocks despite a recent dip

One of the largest local Indian funds is turning bullish on the country’s equities just as foreign investors are exiting Indian stocks at a record pace.