world markets news in brief

World Markets Daily News – In Brief – Monday 30/05/2022

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. SMH (AUSTRALIA)

ASX set to jump as Wall Street bounces to wrap up best week in 18 months

Technology companies led a broad rally as Wall Street notched its best week since late 2020. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001.

. RTT NEWS (USA)

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the positive cues from Wall Street on Friday, amid easing concerns about interest rate hikes as data from the U.S. showed a slowdown in U.S. core consumer price growth in the month of April.

. CNBC (USA)

European stocks set to nudge higher, tracking global sentiment as dollar weakens

European stocks are set for a modestly higher open on Monday as the U.S. dollar weakens, with traders easing expectations of aggressive monetary tightening from the Federal Reserve.

. REUTERS (UK)

Oil climbs ahead of EU meeting on Russia sanctions

Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine.

Gold prices rise in range-bound trade as dollar dips

Gold prices firmed in choppy trading on Monday, as a weakening dollar buoyed greenback-priced bullion, although gains were capped by some investors turning to riskier assets in Asia.