world markets news in brief

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



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.


Asian markets mixed amid cautious trade

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


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.


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.