World Markets Daily In Brief

World Markets Daily News – In Brief – Friday 18/03/2022

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. SMH (AUSTRALIA)

ASX closes 0.6% higher, Oil rise sparks energy stocks, Star falls on casino inquiry

The ASX 200 has risen for a third consecutive day, closing 0.6% higher at 7294.4 with local energy stocks rising on the back of oil breaking above $US100 a barrel overnight.

. CNBC (USA)

Hong Kong’s Hang Seng erases earlier losses as volatile week continues; Biden and Xi set to speak

Shares in Asia-Pacific were mixed in Friday trade as shares in Hong Kong continued a rollercoaster week.

. RTT NEWS (USA)

European Shares Poised For Weak Start

European stocks may drift lower at open on Friday as investors keep a wary eye on the latest developments in the Russia-Ukraine conflict.

. REUTERS (CANADA)

Oil jumps as Russia-Ukraine talks stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the specter of tighter sanctions and a prolonged disruption to oil supply.

Gold eases, set for worst week since late November

Gold eased on Friday and prices were set for their biggest weekly drop since late November as hopes for progress in Russia-Ukraine peace talks dented the metal’s safe-haven appeal.