markets in brief

World Markets Daily News – In Brief – Tuesday 15/03/2022



ASX closes 0.7% lower, Uniti confirms $3b bid, energy and miners slump

The ASX 200 closed 0.7% lower at 7097.4. US oil is back below $US100 per barrel, the Aussie dollar is down to a 3-week low


Asian markets trading mostly lower

Asian stock markets are trading mostly lower on Tuesday, following the mostly negative cues from Wall Street overnight, on concerns about the outlook for inflation following crude oil’s sharp uptick and caution ahead of major central bank meetings this week, including the U.S. Fed.


European markets set for lower open as Ukraine-Russia war weighs on sentiment

European stocks are expected to open lower on Tuesday as global market sentiment is hit by Russia’s ongoing invasion of Ukraine.


Gold eases as yields surge ahead of Fed meeting

Gold prices fell on Tuesday to their lowest in more than a week, as U.S. Treasury yields surged ahead of an expected rate hike from the Federal Reserve

Oil falls on Ukraine talks, fears of slower demand in China

Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in Covid-19 cases.


Chinese technology stock sell-off slows

The steep plunge in Chinese technology stocks appeared to ease on Tuesday morning after several sessions of intense selling in New York and Hong Kong.


Argentina does not see Bolivia as a natural gas supplier beyond 2026

Until that year, the neighboring country expects to produce 165 (MMm3/d) and import less than 7 MMm3/d. By 2027 it will reach production of 170 MMm3/d and cut imports. Brazil’s scenario is similar


London Nickel Trading to Restart Wednesday, With Caps on Price Moves

The London Metal Exchange said buying and selling of nickel will resume on Wednesday, after it suspended the market for six trading sessions following an unprecedented price surge.