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World Markets Daily News – In Brief – Monday 09/05/2022

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. SMH (AUSTRALIA)

ASX 1.2 per cent lower as blue chips wobble

The local sharemarket continued to struggle throughout Monday afternoon.

. CNBC (USA)

Japan’s Nikkei 225 falls 2% as Asia-Pacific stocks slip; China’s April trade data comes in above expectations

Shares in Asia-Pacific fell on Monday as investors watched for market reaction to Chinese trade data that came in better-than-expected.

. RTT NEWS (USA)

European Shares Set For Gap-down Opening

European stocks look set to tumble at open on Monday as investors grapple with growth and inflation concerns. C

. REUTERS (CANADA)

Oil slips on global economic concerns, ahead of EU vote on Russia oil ban

Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies.

Gold prices slip as dollar strengthens toward 20-year high

Gold dropped on Monday as an elevated dollar pressured demand for greenback-priced bullion, with rising U.S. Treasury yields further weighing on prices.