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World Markets Daily News – In Brief – Tuesday 12/04/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX drops 0.6%, loss blowout at Block’s Afterpay, oligarch ties no problem for Origin

The ASX 200 is down 0.6% to 7438 at noon with all sectors lower. Energy stocks have led the decline, reflecting the overnight fall in oil prices.

. RTT NEWS (USA)

Asian Markets Follow Global Markets Lower

Asian stock markets are trading lower on Tuesday, following the broadly negative cues from Wall Street overnight, with technology and energy stocks leading the way lower to mirror their peers on Wall Street.

. CNBC (USA)

European markets set to drop as investors watch inflation, central banks

European markets are set to drop Tuesday as traders look ahead to key central bank meetings and U.S. inflation prints.

. REUTERS (CANADA)

Oil rises as Shanghai eases some COVID curbs, OPEC warns of tight supply

Oil prices climbed on Tuesday as fears of a demand downturn in China eased after Shanghai relaxed some COVID-19 related restrictions, and OPEC warned it would be impossible to increase output enough to offset lost Russian supply.

Gold inches higher ahead of U.S. inflation data

Gold prices inched higher on Tuesday as appetite for risk weakened ahead of U.S. inflation data that could support the Federal Reserve’s aggressive policy stance to contain rising pricing pressures.

. WALL STREET JOURNAL (USA)

Stocks Climb After Inflation Data

Stock indexes rose after inflation data showed that consumer prices accelerated to a four-decade high in March