World Markets Daily In Brief

World Markets Daily News – In Brief – Wednesday 16/03/2022

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. SMH (AUSTRALIA)

Tech leads broad ASX rally, oil continues to ease

The S&P/ASX 200 closed 1.1% higher at 7175.2. This follows strong leads on Wall Street, especially for tech stocks, but all sectors finished higher.

. RTT NEWS (USA)

Asian Shares Rise As China’s Tech Selloff Eases

Asian stocks were mostly higher on Wednesday as Chinese tech shares rebounded after a steep sell-off over the previous three sessions.

. CNBC (USA)

European markets head for lukewarm open with Fed’s decision ahead

European stocks are expected to open slightly higher on Wednesday as global markets await the latest monetary policy figures and economic forecasts from the U.S. Federal Reserve.

. REUTERS (CANADA)

Gold flat in cautious trade ahead of Fed decision

Gold prices were flat on Wednesday, holding near a two-week low hit in the previous session, as investors refrained from making big bets ahead of a widely expected interest rate hike decision from the Federal Reserve to contain surging inflation.

Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading

Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia’s invasion of Ukraine continues to dominate volatile trading with ceasefire talks the latest market trigger.

. THE RIO TIMES (BRAZIL)

Argentina halts export sales of soy oil and meal

Argentina has halted registration of export sales of soy oil and meal, the South American country’s government said in a statement.

. AFRICAN MARKETS (AFRICA)

Fitch Affirms Nigeria at ‘B’; Outlook Stable

Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) at ‘B’ with a Stable Outlook