world markets news in brief

World Markets Daily News – In Brief – Friday 13/05/2022

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. SMH (AUSTRALIA)

ASX rebounds 1.9% but still finishes the week lower

The ASX 200 recovered all of Thursday’s losses with a 1.9% rebound to close at 7075.1, but it was not enough to prevent it finishing in the red for a fourth week in a row.

. CNBC (USA)

Japan’s Nikkei 225 jumps more than 2% as Asia markets rise; SoftBank shares surge

Shares in Asia-Pacific edged higher in Friday morning trade, continuing a rollercoaster week as investors assess the inflation and the global economic outlook.

. RTT NEWS (USA)

European Shares Set To Open On Firm Note

European stocks are likely to open higher on Friday amid signs that U.S. inflation could be past the peak and that the Fed would be content with a plan to raise rates by 50 bps at each of the next two policy meetings.

. REUTERS (UK)

Oil rises but fears of weaker demand limit gains

Oil prices extended gains on Friday but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling fuel supplies from Russia.

Gold faces fourth weekly loss as burgeoning dollar saps appeal

Gold prices held ground near a three-month low on Friday as the strongest dollar in two decades continued to sap demand for greenback-priced bullion, setting up what could be the metal’s fourth consecutive weekly fall.

. WSJ (USA)

Stocks Rally After Brutal Trading Week

U.S. stocks rose, with the Dow up more than 500 points and the Nasdaq gaining over 4%. Still, major stock indexes were on track for weekly losses.