markets in brief

World Markets Daily News – In Brief – Tuesday 29/03/2022

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. SMH (AUSTRALIA)

ASX up 0.7% to 7464.3 in sixth day of gains

The S&P/ASX 200 closed 0.7%, or 51.9 points higher at 7464.3 points. Healthcare and technology stocks led, while materials and energy dragged

. CNBC (USA)

European markets head for higher open ahead of Ukraine-Russia talks

European stocks are expected to build on gains from the previous day, opening higher on Tuesday ahead of another round of Ukraine-Russia talks.

. RTT NEWS (USA)

Asian Markets Trading Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, riding on the broadly positive cues from Wall Street overnight, with technology and financial stocks leading the way higher as hopes about a peace deal between Russia and Ukraine helped offset concerns about inflation and imminent monetary tightening by the Federal Reserve

. REUTERS (CANADA)

Oil drops on Ukraine peace talk hopes, China demand fears

Oil prices dropped on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in Covid-19 cases.

Gold flat on firmer U.S. dollar, yields; Ukraine conflict in focus

Gold prices were flat on Tuesday as the U.S. dollar held firm at a three-week high scaled in the previous session and yields climbed, while investors refrained from making big bets ahead of Russia-Ukraine peace talks starting later in the day.

Russia’s gas supply to Europe at risk as rouble deadline nears

Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions as Western nations have so far rejected Moscow’s demand for a currency switch.

. NIKKEI ASIA (JAPAN)

Japan, U.S. to communicate closely on forex issues as yen slides

Japan’s top currency diplomat and his U.S. counterpart agreed on Tuesday that monetary authorities in both countries would communicate closely on currency issue.

. THE RIO TIMES (BRAZIL)

Uruguay remains among 25 most important emerging markets in 2022

Uruguay ranked for the second consecutive year as the 23rd most attractive emerging market in the world, according to the new edition of the Emerging Markets Logistics Index, published by Agility in February and released by the consulting firm Nueva Mayoría.

. ARAB NEWS (SAUDI ARABIA)

Malta, Egypt, France and Spain sovereign funds establish collaboration network to unlock investment opportunities

Malta Government Investments, the Sovereign Fund of Egypt and Bpifrance — a French national investment bank — signed a deed to found the “European, Middle East and North Africa Sovereign Wealth Funds Foundation” in Malta, laying the basis for a Mediterranean collaboration network.

. MARKETWATCH (USA)

U.S. stocks on rise amid renewed optimism over Ukraine-Russia talks

U.S. stocks rise Tuesday, buoyed by optimism over negotiations between Russia and Ukraine.