world markets news in brief

World Markets Daily News – In Brief – Thursday 12/05/2022



Closes ASX 1.8% lower as US inflation numbers smash tech stocks

The ASX 200’s retreat gathered another head of steam this afternoon as tech stocks got smashed. The market closed 1.75 per cent lower, down 123.7 points to 6,941.


Asian Markets Mostly Lower On US Inflation Data

Asian stock markets are trading mostly lower on Wednesday, following the continued sell-off on Wall Street, as traders remained wary about faster interest rate hikes after US data showed higher-than-expected core inflation.


European markets set to plunge as U.S. inflation runs hot

European stocks are expected to fall sharply at the open as global markets digest the latest inflation reading out of the United States


Oil slips more than 1%, dogged by recession fears

Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Gold gains as dollar, Treasury yields weaken after U.S. inflation data

Gold gained on Thursday as the dollar and Treasury yields slipped after U.S. consumer price data suggested inflation might have peaked in April, allaying some concerns of more aggressive Fed rate hikes.


Stocks Waver on Fed Policy Concerns

Stocks came under fresh pressure due to the Federal Reserve’s pullback of easy monetary policies as it combats high inflation.


Stocks flip positive as S&P 500 teeters on brink of bear market

U.S. stocks turned positive after trading slightly lower Thursday, attempting to stabilize amid a broad-based selloff that’s sent stocks to their lowest levels in more than a year, with the S&P 500 nearing bear-market territory.