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World Markets Daily News – In Brief – Sunday 08/05/2022

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. REUTERS (UK)

Wall St Week Ahead: Battered U.S. stocks may not be bargains as investors brace for inflation data

U.S. stocks’ tumble this year is putting an increased focus on equity valuations as investors assess whether recently discounted shares are worth buying in the face of a hawkish Federal Reserve and widespread geopolitical uncertainty.

. ECONOMIC TIMES (INDIA)

Dalal Street Week Ahead: Any technical pullback that may happen will remain limited in its extent

In a week that was truncated due to a trading holiday on account of Eid, the Indian equity markets traded weak for the most part of the shortened 4-day trading week as it ended in the red for three out of four sessions.

. BLOOMBERG (USA)

Nigeria Is First Nation to Ground Flights as Fuel Costs Soar

Nigeria will become the first nation to ground flights on Monday as surging prices for aviation fuel make business unprofitable.

. GULF NEWS (UAE)

UAE is ready with first dirham treasury bond

The UAE Central Bank is scheduled to conduct the first tranche of dirham-denominated treasury bonds auction worth Dh1.5 billion on May 9.

. THE RIO TIMES (BRAZIL)

How wheat could become Brazil’s new export commodity

It is estimated that there is potential for up to 22 million hectares of additional wheat cultivation nationwide. To meet domestic demand, the expansion of cultivation from the southern states of the country into the Cerrado region is seen as an alternative.