world markets news in brief

World Markets Daily News – In Brief – Wednesday 22/06/2022

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. SMH (AUSTRALIA)

ASX edges higher for second day in a row with energy and utilities rising

The Australian sharemarket has edged slightly higher following gains on Wall Street overnight, but has lost some momentum from opening trade to finish the morning with a rise of 0.1 per cent.

. RTT NEWS (US)

Asian Markets Mostly Lower In Cautious Trade

Asian stock markets are trading mostly lower on Wednesday, despite the broadly positive cues overnight from global markets, as traders remain cautious ahead of the US Fed Chair Jerome Powell’s key testimony before the Congress later in the day.

. CNBC (US)

European markets set to slide at the open, giving up gains made earlier this week

European stocks are expected to open in negative territory on Wednesday, giving up gains made in the previous session amid more positive global sentiment.

REUTERS (UK)

Oil prices slide as Biden pushes for U.S. fuel cost cuts

Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country’s peak summer demand.

Gold extends dip on dollar strength, central bank views in focus

Gold prices eased on Wednesday as the dollar firmed, although bullion still traded in a narrow range as investors awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve.