world markets news in brief

World Markets Daily News – In Brief – Thursday 23/06/2022

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. SMH (AUSTRALIA)

ASX moves higher despite commodity prices hurting energy, miners

The Australian sharemarket edged 0.3 per cent higher on Thursday thanks to strong real estate and health care stocks, but was held back by falls in the energy and mining sectors.

. RTT NEWS (US)

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, despite the broadly negative cues overnight from the global markets

. CNBC (US)

European stocks head for negative open as markets struggle to shrug off recession fears

European stocks are expected to open lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading.

. REUTERS (UK)

Gold dips after Fed chief reaffirms inflation fight

Gold prices inched lower on Thursday, pressured by expectations of aggressive interest rate hikes after the U.S. Federal Reserve chief doubled down on the central bank’s fight against inflation.

Oil extends losses as recession fears mount

Oil prices fell 2% in early trade on Thursday, extending losses from the previous day, as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.