world markets news in brief

World Markets Daily News – In Brief – Friday 10/06/2022

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. SMH (AUSTRALIA)

ASX posts worst weekly decline since April 2020

The ASX200 dropped below 7,000 points for the first in four weeks – down 1.25 per cent to 6,932 – ensuring the market had its biggest weekly decline for the year.

. RTT NEWS (US)

Asian Markets Follow Global Markets Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from the global markets overnight, amid rising concerns about inflation, potential interest rate hikes and slowing economic growth

. CNBC (US)

European markets fall sharply after ECB meeting; U.S. inflation data ahead; Stoxx 600 down 1%

European stocks fell further on Friday as investors digested the European Central Bank’s latest policy meeting and looked ahead to a key U.S. inflation print.

. REUTERS (UK)

Oil falls on demand worries over Shanghai’s new partial lockdowns

Oil prices fell on Friday but still hovered near three-month highs, with fears over new Covid-19 lockdown measures in Shanghai outweighing solid demand for fuels in the world’s top consumer United States.

Gold dips as Treasury yields rise before U.S. inflation data release

Gold edged down on Friday and was set for a weekly fall, as Treasury yields rose, with investors awaiting key monthly U.S. inflation data for cues on the future of the Federal Reserve’s monetary policy.

. WSJ (US)

Persistent Inflation Drags on U.S. Stocks

May’s inflation data injected renewed volatility into stock and bond markets as investors assessed how much more aggressive the Fed may have to be to put a cap on price pressures.