world markets news in brief

World Markets Daily News – In Brief – Wednesday 01/06/2022

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. SMH (AUSTRALIA)

ASX lifts despite lithium rout, Origin energy chaos

Origin Energy’s coal supply chaos became a sideshow as Australia’s high-flying lithium stocks plunged after Goldman Sachs called an end to its bull market.

. RTT NEWS (USA)

Asian markets mixed amid cautious trade

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues overnight from Wall Street

. CNBC (USA)

European stocks set for tepid start to June after closing out negative month

European markets are set for a muted open on Wednesday after closing May in negative territory, as traders continue to assess new data on inflation and economic activity.

. REUTERS (UK)

Oil prices nudge higher on EU’s Russian oil ban, end of Shanghai lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

Gold touches nearly 2-week low on rising U.S. yields, dollar

Gold hit its lowest in nearly two weeks on Wednesday, although prices were range-bound as safe-haven demand for bullion helped offset some sustained pressure from a firmer dollar and elevated U.S. Treasury yields.

. FT (UK)

UK and EU hit Russian oil cargoes with insurance ban

Deal would shut Moscow out of key Lloyd’s of London market

. WSJ (US)

Stocks Dip in Choppy Trading

U.S. stock indexes fell in morning trading after capping a volatile trading month.