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World Markets Daily News – In Brief – Wednesday 20/04/2022

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. SMH (AUSTRALIA)

ASX up 0.4 per cent; health stocks soar; BHP and Rio dip

Healthcare heavyweights helped power the ASX up 0.5 per cent at the open, while energy stocks lagged.

. CNBC (USA)

Asia-Pacific stocks mixed; China keeps benchmark lending rate unchanged

Shares in Asia-Pacific were mixed in Wednesday trade as China defied expectations by keeping its benchmark lending rate unchanged.

. RTT NEWS (USA)

European Shares Set To Follow Wall Street Higher

European stocks are likely to open on a positive note Wednesday after major U.S. indexes snapped two straight days of losses to end sharply higher overnight on the back of strong housing data and a steep drop in oil prices.

. REUTERS (UK)

Oil prices rebound after sharp losses as supply concerns dominate

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week.

Gold hits over one-week low as firm Treasury yields, dollar dim appeal

Gold prices hit a more than one-week low on Wednesday, as a firmer U.S. dollar and Treasury yields continued to weigh on bullion demand.

. THE RIO TIMES (BRAZIL)

Mexico initiates nationalization of lithium

Mexico took a step toward nationalizing lithium on Monday after deputies approved a reform that bars private companies from exploiting the mineral, which is essential for electric car batteries and new technologies.