world markets news in brief

World Markets Daily News – In Brief – Tuesday 26/04/2022

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. SMH (AUSTRALIA)

ASX finishes 2.1 per cent lower as miners bleed

The local sharemarket lost 2.1 per cent on Tuesday as global economic fears drove the index.

. RTT NEWS (USA)

Bargain Hunting Pushes Asian Markets Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders indulged in bargain hunting after the recent sharp sell-off.

. CNBC (USA)

European markets head for higher open as global sell-off goes into reverse

European stocks are expected to open higher on Tuesday as market sentiment rallies after a sell-off continued in regional markets at the start of the week.

. REUTERS (UK)

Oil prices rebound from sharp drop on China demand concerns

Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued Covid-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high.

Gold regains some ground as U.S. bond yields, dollar edge lower

Gold prices rose on Tuesday after hitting a near one-month low in the previous session, as a slight pullback in the U.S. dollar and lower Treasury yields increased bullion’s appeal.

. FT (UK)

Twitter accepts Elon Musk’s $44bn takeover offer

Tesla chief says free speech is ‘bedrock’ of democracy as board declares deal ‘best path forward’

. NIKKEI ASIA (JAPAN)

Indonesia’s palm oil ban threatens further global food inflation

World’s biggest producer suspends supply for foreign markets: Indonesia’s ban on palm oil exports — a bid to stem rising domestic prices — threatens to further inflate food prices around the world.

. WALL STREET JOURNAL (USA)

Stocks Fall Ahead of Tech Earnings

U.S. stock indexes were lower, with the Nasdaq down more than 2%, ahead of a wave of earnings reports from major technology and blue-chip firms.

. LATIN FINANCE (USA)

Banxico to offer digital currency in 2025

Mexico joins Peru and Brazil in developing a digital currency in Latin America

. BLOOMBERG (USA)

After 1 000% rally, SA’s Thungela is the world’s best-performing coal stock

Anglo Americans spinoff, Thungela Resources, has emerged as the world’s best-performing major coal stock.