world markets news in brief

World Markets Daily News – In Brief – Friday 29/04/2022

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. SMH (AUSTRALIA)

ASX closes 1.1% higher, PointsBet soars as US bet pays off

The ASX 200 closed at its high point for the day, up 1.1 per cent, or 78.1 points to 7345. All sectors finished higher led by tech stocks following a big rally on Wall St overnight.

. CNBC (USA)

Chinese stocks jump around 3%, leading markets in Asia

Shares in Asia-Pacific rose in Friday trade, with technology stocks in the region jumping following big gains for their counterparts on Wall Street that saw the Nasdaq Composite surging 3%.

. RTT NEWS (USA)

European Markets Brace For Earnings And Economic Updates

European stock markets are expected to trade cautiously on Friday as a slew of data releases across the bloc update investors on the economic growth

. REUTERS (UK)

Gold up, but headed for worst month in seven on U.S. rate hike bets

Gold rose on Friday as worrying U.S. economic data rekindled some interest in the safe-haven metal, but was likely to log its biggest monthly drop since September on bets for aggressive interest rate hikes by the Federal Reserve.

Oil eases as China lockdowns weigh on demand outlook

Oil prices were mixed on Friday as China’s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices.