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World Markets Daily News – In Brief – Monday 11/04/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

Bank stocks help ASX edge ahead, Ford lithium deal boosts Lake Resources, Rio’s Russian partner trouble

The ASX 200 surrendered early gains but still managed to close 0.1% higher at 7485.2 as the big four banks rose on the prospect of higher interest rates.

. CNBC (USA)

Chinese stocks drop more than 3% after data shows China’s producer inflation surging

Chinese stocks led losses in Asia-Pacific markets on Monday as investors reacted to China’s inflation data for March

. RTT NEWS (USA)

European Shares Broadly Lower Amid Inflation Fears

European stocks fell broadly on Monday as investors fretted over the threat to growth from the Russia-Ukraine war, high inflation and rising interest rates

. REUTERS (CANADA)

Palladium jumps on supply fears, inflation risks lift gold

Palladium prices jumped on Monday to a more than two-week high propelled by supply concerns following the suspension of trading of the metal from Russia, while gold was buoyed by inflation jitters amid the war in Ukraine.

Oil slides on release of strategic reserves and China lockdowns

Oil prices dropped by more than $2 a barrel on Monday after a second straight weekly decline on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China.

. NIKKEI ASIA (JAPAN)

India’s IPO market revives, but caution is the watchword

Economic concerns and stock market swings bring an end to investors’ ebullience

. WALL STREET JOURNAL (USA)

Tech Stocks Poised to Slip as Bond Yields Climb

Stock futures pointed to losses for technology stocks and oil prices slid as Covid-19 shutdowns in China added to the uncertainty investors face in a period of rising interest rates.