markets in brief

World Markets Daily News – In Brief – Monday 14/03/2022



 Miners the only drag as ASX climbs 1.2%

The S&P/ASX 200 climbed 1.2% to close at its intraday high of 7,149.4 with mining stocks the only drag on the bourse.


Indonesia coal miners soar over Russia supply concerns

Shares of coal mining companies in Indonesia, the world’s largest thermal coal exporter, have surged on the back of record prices for the fuel in the wake of Russia’s invasion of Ukraine


Asian Markets Trade Mostly Lower

Asian stock markets trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, amid rising worries about the economic impact of the ongoing Russian invasion of Ukraine and the various sanctions imposed on Russia by the U.S. and the Western allies.


European markets head for positive open amid renewed hopes for Ukraine-Russia talks

European stocks are expected to open higher on Monday ahead of further talks between Russian and Ukrainian negotiators.


Oil prices extend losses ahead of Fed meeting

Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine were stepped up and markets braced for higher U.S. rates.

Gold slips as Fed rate hike bets lift Treasury yields

Gold prices fell on Monday as U.S. Treasury yields rose on rate hike expectations, with higher risk appetite on hopes of peace between Russia and Ukraine denting bullion’s safe-haven appeal further.


Russia-Ukraine War Threatens Wheat Supply, Jolts Prices

The world’s wheat stockpiles were already low and prices the highest in a decade after two years of poor growing weather when Russia’s attack on Ukraine jammed up Black Sea trading.


Dow jumps nearly 250 points on gains for shares of American Express, Visa

Shares of American Express and Visa are posting strong returns Monday morning, sending the Dow Jones Industrial Average into positive territory.