world markets news in brief

World Markets Daily News – In Brief – Wednesday 08/06/2022



Bank stocks slip on rate hike hangover

The major banks were the only sore spot of the day as investors continue to the digest the implications of the bumper rates hike by the RBA.


Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues overnight from Wall Street, with support from energy and technology stocks


European markets cautious as investors gear up for U.S. inflation data

European stocks were muted on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday.


Oil prices inch higher ahead of U.S. inventories data

Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax Covid-19 curbs.

Gold trades in tight range with U.S. inflation data in spotlight

Gold prices edged lower on Wednesday as an uptick in the dollar and Treasury yields limited bullion’s appeal, with investors looking ahead to U.S. inflation data for more direction on interest rates.

. FT (UK)

Bridgewater bets against US and European corporate bonds on slowdown fears

Sharp interest rate rises could ‘crack the economy’, hedge fund’s co-CIO Greg Jensen says

. WSJ (US)

SEC’s Trading Shake-Up Expected to Face Opposition

The agency’s expected changes to U.S. stock-trading rules are likely to prompt pushback from the brokerages and market-making firms that handle small investors’ orders.

Tech’s Decade of Stock-Market Dominance Ends

Big technology stocks are in the midst of their biggest rout in more than a decade, and some investors, haunted by the 2000 dot-com bust, are bracing for bigger losses ahead.