world markets news

World Markets Daily News – In Brief – Tuesday 07/06/2022

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. SMH (AUSTRALIA)

RBA shock tactics send ASX plunging

Almost $18 billion evaporated from the ASX 200 within minutes of the RBA shocking the markets with a 0.5 per cent rate rise.

. RTT NEWS (US)

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from Wall Street overnight, amid rising prospects of the Federal Reserve resorting to aggressive policy tightening to combat rising inflation

. CNBC (US)

European stocks are heading for a lower open as inflation nerves grip markets

European stocks are expected to open in negative territory amid nervousness over inflation, with the next reading of U.S. inflation due at the end of the week.

. REUTERS (UK)

Oil prices edge higher on relaxed China COVID curbs, tight supplies

Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply.

. FT (UK)

US trading firm Jane Street sues LME for nickel trade chaos

Lawsuit comes a day after similar action by Elliott against metals exchange over March trade halt

. WSJ (US)

SEC Closes In on Rules That Could Shift Stock Market

The agency’s chairman, Gary Gensler, is expected to outline ideas Wednesday for improving market efficiency and how investor orders are handled.