world markets news

World Markets Daily News – In Brief – Wednesday 06/04/2022

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. SMH (AUSTRALIA)

ASX decline eases to -0.5%; Whitehaven up 6.3% as EU mulls Russia coal ban

The ASX 200 is down 0.5% in mid afternoon trade, falling 40 points to about 7490. All sectors are lower with materials dragging the most as global markets fret about accelerated interest rate hikes.

. CNBC (USA)

Technology stocks in Asia-Pacific slip; 10-year U.S. Treasury yield surges

Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the U.S. 10-year Treasury yield.

. RTT NEWS (USA)

European Shares Set To Drift Lower On US Rate Worries

European stocks may drift lower at open on Wednesday amid signs the Federal Reserve might take more aggressive action to bring down unacceptably high inflation.

. REUTERS (CANADA)

Oil mixed as new Russia sanctions offset demand worries

Oil futures were mixed on Wednesday, recovering from early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown.

Gold prices flat as firmer dollar, yields dim safe-haven demand

Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and Treasury yields to multi-year highs, denting bullion’s safe-haven demand and offsetting support from uncertainty around the Ukraine war.