world markets news in brief

World Markets Daily News – In Brief – Tuesday 31/05/2022

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. SMH (AUSTRALIA)

ASX posts worst month since January as oil price jumps

The Australian sharemarket has dropped more than 1 per cent after rising oil prices highlighted recession fears.

. RTT NEWS (USA)

Asian markets trading mostly higher

Asian stock markets are trading mostly higher on Tuesday, following the lack of cues from Wall Street overnight due to a holiday

. CNBC (USA)

European stocks retreat as investors watch inflation data; DSM up 10% after merger

European stocks were lower on Tuesday after a hot German inflation reading reignited concerns about the pace of monetary tightening from central banks.

. REUTERS (UK)

Gold slips as yields, dollar climb; set for second monthly dip

Gold prices fell on Tuesday as U.S. bond yields firmed and the dollar strengthened, with bullion heading for a second straight monthly loss for the first time since March 2021.

. FT (UK)

EU leaders agree to ban majority of Russian oil imports

Agreement includes exemption for supplies via pipeline to bring Hungary on board

. WSJ (USA)

Stocks Waver to Start Week After Recent Gains

U.S. stocks wobbled, while crude prices extended recent gains after the European Union said it would impose an oil embargo on Russia.