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World Markets Daily News – In Brief – Wednesday 13/04/2022

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. SMH (AUSTRALIA)

ASX up 0.4%, EML soars on takeover approach, NZ lifts interest rates 0.5%

The ASX 200 is trading 0.2% higher at noon at 7467.1 with rising commodity prices helping the local market defy inflation worries on Wall St.

. CNBC (USA)

Asia-Pacific stocks mixed as data shows China’s exports rose more than expected

Shares in Asia-Pacific were mixed in Wednesday trade as investors watched for market reaction to the release of Chinese trade data. New Zealand also hiked its rate by 50 basis points, its biggest increase in more than 20 years.

. RTT NEWS (USA)

European Shares Seen Flat As Putin Vows War Will Continue

European stocks look set to open on a flat note Wednesday after Russian President Vladimir Putin vowed the country would triumph in all of its “noble” war aims in Ukraine.

. REUTERS (CANADA)

Oil jumps 6% on OPEC warning and easing of Shanghai COVID curbs

Oil prices climbed on Tuesday as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia.

Gold rises following U.S. inflation data

Gold rose on Tuesday as consumer prices for March hit their highest level since 1981, a sign to some investors that inflation could be peaking.