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World Markets Daily News – In Brief – Friday 08/04/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX up 0.6% at noon, Platinum plunges 14%, Star inquiry extended, Rio Tinto takes control of Aussie JV with Rusal

The ASX 200 is up 0.6% at noon to 7485.1 on a day which has seen Sydney real estate guru, John McGrath, return to the CEO role at McGrath and Rio Tinto finally take control of its venture with the Oligarch-controlled Rusal.

. CNBC (USA)

Chinese tech stocks in Hong Kong slip as investors watch Covid situation in China

Shares in Asia-Pacific gave up early gains to mostly fall on Friday after a comeback on Wall Street as investors continued to digest the Fed’s plans to fight inflation.

. MINT (INDIA)

Sensex volatile after RBI keeps repo rate unchanged at 4%; IndusInd Bank, Titan top gainers

On Friday, barring healthcare, all sectoral indices are trading in green with stocks in the power sector, energy sector and telecom sector witnessing most of the buying.

. RTT NEWS (USA)

European Shares Seen Opening On Firm Note

European stocks are seen opening a tad higher on Friday after U.S. shares recovered from an early slide to end on a positive note overnight.

. REUTERS (CANADA)

Gold flat as firmer dollar counters support from Ukraine crisis

Gold prices remained trapped in a tight range on Friday as the dollar firmed on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, partially offsetting safe-haven demand fueled by the lingering Russia-Ukraine conflict.

Oil prices set for weekly fall on stockpile releases

Oil prices were stable on Friday in choppy trading but remained on course for a second weekly fall after countries announced plans to release crude from their strategic stocks.

. WALL STREET JOURNAL (USA)

Stocks Mixed, Bonds Extend Selloff

The Nasdaq and S&P 500 were on track to notch weekly losses, as investors assessed the latest signals about Fed policy and the war in Ukraine.