markets in brief

World Markets Daily News – In Brief – Friday 25/03/2022

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. SMH (AUSTRALIA)

Miners underpin steady gains for ASX, Premier unveils record dividend

The ASX 200 closed higher for a fourth day, up 0.3% to 7406.2, a ten-week high with mining stocks doing the heavy lifting. Energy stocks also rose despite a fall in the oil price overnight.

. RTT NEWS (USA)

European Shares Set For Mixed Open

European stocks are seen opening narrowly mixed on Friday, with movements in the bond market and the Russia-Ukraine war updates likely to be in focus.

. CNBC (USA)

Hong Kong drops nearly 3% as Chinese stocks tumble; shares of JD Logistics, Russia’s Rusal fall

Chinese stocks fell Friday as the rest of Asia-Pacific traded mixed, while Wall Street stocks rallied overnight and oil prices fell.

. REUTERS (CANADA)

Oil drops as supply crunch fears ease, trading costs rise

Oil prices fell about $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures.

Gold set for third weekly gain in four as Ukraine conflict deepens

Gold on Friday was on course for a third weekly gain in four, as the Russia-Ukraine conflict escalated while the spike in oil prices this week increased demand for bullion as a safe-haven asset and an inflation hedge.

. MINT (INDIA)

Stock market today: What SGX Nifty, other factors indicate for Friday’s trade

The BSE Sensex ended down by 89 points at 57,595 while Nifty dipped 0.13% to settle at 17,222 on Friday

. THE RIO TIMES (BRAZIL)

Projection for new Brazilian coffee crop drops to 64.5 million bags, says Rabobank

Rabobank said that in a recent expedition to 229 farms in Brazil, the good flowering seen last year “did not fulfill its initial promise,” resulting in a smaller-than-expected crop.

WSJ (USA)

Stocks Edge Up Amid Ukraine Concerns

U.S. stock indexes mostly rose Friday, putting them on track for a second consecutive week of gains. Investors have been piling into U.S.-listed companies in recent sessions, suggesting that many are gaining confidence that the economy will weather the escalating war in Ukraine and rising interest rates.