world markets news

World Markets Daily News – In Brief – Tuesday 05/04/2022

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. SMH (AUSTRALIA)

ASX flattens; AUD jumps to nine-month high of US76.08 as RBA loses patience

The S&P/ASX 200 is still up 0.2 per cent at about 7525 points, but has softened after the RBA decided to keep rates on hold, but no longer used the phrase that it would ‘be patient’ when setting rates

. CNBC (USA)

Asia-Pacific stocks mixed as oil jumps; Australia keeps cash rate target unchanged

Shares in Asia-Pacific were mixed in Tuesday trade, while the Reserve Bank of Australia kept its cash rate target unchanged.

. RTT NEWS (USA)

European Shares Poised To Open Slightly Lower

European stocks may open on a cautious note Tuesday as investors track the latest developments in Ukraine.

. REUTERS (CANADA)

Oil climbs on prospect of fresh Russia sanctions

Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled.

Gold slips as dollar holds firm on safe-haven flows

Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by the Federal Reserve to rein in inflation.

U.S. stops Russian bond payments in bid to raise pressure on Moscow

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American banks

. WSJ (USA)

Tech Sector Leads Stocks Lower

U.S. stock indexes slipped as investors weighed the prospect of more assertive actions by the Federal Reserve to curb inflation

FINANCIAL TIMES (UK)

Fed to begin ‘rapid’ balance sheet reduction as soon as May, says top official

Lael Brainard suggests US central bank is prepared to take ‘stronger’ action on raising interest rates