World Markets Daily In Brief

World Markets Daily News – In Brief – Tuesday 22/03/2022



Miners, banks drive ASX gains 0.9% to nine-week high

The S&P/ASX200 gained 62.5 points on Tuesday to 7,341.1 points, rising 0.9% to the highest it has been since early January.


Hong Kong leads gains in Asia as Alibaba shares pop more than 8%; China Eastern Airlines stock drops

Shares in Asia-Pacific were mixed in Tuesday trade, as Hong Kong-listed shares of Alibaba soared after the firm announced an upsizing of its share repurchase program from $15 billion to $25 billion.


European Shares Set For Lower Open

European stocks may open lower on Tuesday as investors react to Federal Reserve Chair Jerome Powell’s more hawkish tone on monetary policy.


Oil extends rally as EU members weigh Russian ban

Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks on Saudi facilities sent jitters through the market.

Gold steady as robust Treasury yields counter Ukraine woes

Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying conflict between Russia and Ukraine supported bids for the safe-haven metal.


Ecuador added US$157.9 million of certified gold bars to the International Reserve

The Central Bank of Ecuador (BCE) informed that it concluded the process of refining and certifying 80,850,697 troy ounces of non-monetary gold, purchased from small miners and artisanal miners, in compliance with the provisions of article 36 of the Organic Monetary and Financial Code and article 49 of the Mining Law.