world markets news

World Markets Daily News – In Brief – Thursday 07/04/2022

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. SMH (AUSTRALIA)

ASX down 0.6%, Magellan gets a boost, tech stocks take a hit

The ASX 200 is down 0.6% ahead of the market’s close following another rough night on Wall St as notes from the recent US Fed meeting suggested a more aggressive stance on interest rates.

. CNBC (USA)

Japan stocks drop nearly 2%; Samsung estimates 50% jump in first-quarter profit

Japan stocks dropped nearly 2% and other Asia-Pacific markets fell on Thursday following two days of declines on Wall Street.

. RTT NEWS (USA)

European Shares Set For Soft Start On Interest Rate Worries

European stocks are likely to open on a sluggish note Thursday on worries that higher interest rates may lead to slower growth.

. REUTERS (CANADA)

Oil gains $1 as emergency oil release seen as band-aid

Oil prices clawed back some losses on Thursday after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia.

Gold edges lower as dollar gains on hawkish Fed minutes

Gold prices inched lower on Thursday as the U.S. dollar firmed after minutes of the Federal Reserve’s March meeting indicated an aggressive stance to combat inflation, denting the safe-haven metal’s appeal.

. WALL STREET JOURNAL (USA)

Stocks Fall, Bonds Extend Fed-Driven Selloff

Investors digested the possibility of more aggressive monetary tightening by the Federal Reserve and monitored the war in Ukraine