world markets news in brief

World Markets Daily News – In Brief – Tuesday 21/06/2022

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. SMH (AUSTRALIA)

ASX rises at open as it bids to end losing streak

The ASX 200 has risen in morning trade, putting it on track to snap a seven-day losing streak after stronger European shares took centre stage with Wall Street closed for a holiday.

. CNBC (US)

European markets set to trend higher, following positive global sentiment

European stocks are expected to open higher on Tuesday, continuing a recovery seen at the start of the week

. RTT NEWS (US)

Bargain hunting push Asian markets mostly higher

Asian stock markets are trading mostly higher on Tuesday, following the positive cues from European markets overnight, with traders picking up stocks at a bargain after the recent sell-off in global markets, the worst since 2020.

. BAHA (AUSTRIA)

Oil prices continue to rise on supply worries

Prices of crude oil futures continued rising on Tuesday, as concerns over tight supply are seemingly overriding recession fears and possible lower demand due to an economic slowdown.

. WSJ (US)

Stocks Historically Don’t Bottom Out Until Fed Eases

If history is any guide, the stock-market selloff might still be in its early stages.