World Markets Daily In Brief

World Markets Daily News – In Brief – Wednesday 23/03/2022

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. SMH (AUSTRALIA)

Tech boost lifts ASX 0.5%; Uniti soars on fresh bid, Fisher & Paykel drops 8%

The ASX 200 closed 0.5% higher, up 36.8 points to 7377.9 with the tech sector providing most of the gains. Materials were the only sector to close lower.

The toxic cocktail sparking a commodity crisis

Geopolitical, market and financial volatility can generate unintended and unpredictable consequences, with Russia’s invasion of Ukraine and the West’s response providing a dramatic illustration of how combustible that combination can be.

. RTT NEWS (USA)

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Wednesday, following the broadly positive cues overnight from Wall Street, extending mostly solid momentum with support from the technology stocks, largely shrugging off US Federal Reserve Chair Jerome Powell’s comments a day earlier suggesting the central bank may raise interest rates more aggressively

. CNBC (USA)

European stocks head for positive open as global markets seek to rebound from losses

European stocks are expected to open higher on Wednesday as global markets look to rebound from recent losses on the back of inflation concerns and Russia’s invasion of Ukraine.

. REUTERS (CANADA)

Oil prices rise as U.S. stockpiles decline amid tight market

Oil prices rose on Wednesday as a reported drop in U.S. crude inventories increased concerns about tight global supplies amid the hit to Russian exports from economic sanctions.

Gold steady as Ukraine worries counter bets on Fed rate hikes

Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for sharper interest rate hikes to combat inflation weighed on market sentiment.

. WSJ (USA)

Dow Industrials Fall, Oil Prices Jump

U.S. stocks retreated and oil prices jumped, as concerns about rising energy prices and supply shortages rattled investors once again.