markets in brief

World Markets Daily News – In Brief – Monday 28/03/2022

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. SMH (AUSTRALIA)

ASX up 0.1%, BHP closes at a 7-month high

The ASX 200 closed 0.1% higher today, 6.2 points to 7412.4 with miners and banks higher.

. CNBC (USA)

Chinese tech stocks mostly rise as Meituan jumps more than 14% in mixed Asia trading

Shares in Chinese tech firms mostly rose in mixed Asia-Pacific trading on Monday, with oil prices falling more than 2%.

India is snapping up cheap Russian oil, and China could be next

There’s been a “significant uptick” in Russian oil deliveries bound for India since March after Russia’s invasion of Ukraine began — and New Delhi looks set to buy even more cheap oil from Moscow, industry observers say.

. MINT (INDIA)

Day trading guide: Immediate support and resistance for Nifty 50 index is placed at 17,100 and 17,350 respectively, say experts.

Day trading stocks: Until Nifty gives a breakout from 17,500 range, traders should look for stock specific trades where better opportunities are seen

. RTT NEWS (USA)

European Shares May Struggle For Direction

European stocks are seen opening mixed on Monday after Shanghai went into a nine-day semi-lockdown, adding to concerns over the Fed’s tightening path and the war in Ukraine.

. THE RIO TIMES (BRAZIL)

Uruguayan corn is approaching a super record amid the Ukraine war

With a very favorable summer in terms of weather, Uruguayan corn is heading for a record harvest that may lead to a return of the country to the export market, also helped by the gap left in the international market by the absence of Ukraine.

. MARKETWATCH (USA)

Oil slumps to start the week as fresh COVID lockdowns in China spark demand concerns

Oil prices slumped to start the week on Monday as investors turned their attention to a worsening COVID outbreak in China

. BLOOMBERG (USA)

Stocks Advance as Global Bond Yields Stabilize

Stocks rose and sovereign bonds stabilized on Monday as investors weighed risks from inflation and tightening monetary policy against economic growth.

. WSJ (USA)

Stocks Waver as Bond Yields Tick Lower

U.S. stock indexes were little changed and bond yields remained near their highest level in three years as investors prepared for a campaign of interest-rate increases from the Federal Reserve.

. FIN24 (S. AFRICA)

South Africa’s maize harvest to fall 10% this year

South African farmers are expected to harvest 10% less maize in the 2021/2022 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Monday.