world markets news in brief

World Markets Daily News – In Brief – Friday 24/06/2022



ASX finishes positive week with tech rally

The Australian sharemarket has posted its first two consecutive days of gains this month, finishing a positive week with a 0.8 per cent increase on Friday as tech stocks rose by 6 per cent.


Asian Shares Gain As Commodities Decline On Growth Worries

Asian stocks found some support on Friday as a continuous decline in commodities from crude oil, to metals to cotton, helped ease fears around runaway inflation.


European markets climb to end volatile week as investors assess recession prospects

European markets moved higher on Friday to end a volatile week, as investors around the world assessed inflation and fears of an economic recession.


Oil trades sideways on fears of slower demand, supply uncertainty

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty.

Gold set for second straight weekly drop on worries over big rate hikes

Gold prices were flat on Friday but on course for their second straight weekly decline, with worries over major central banks potentially implementing big interest rate hikes to target runaway inflation weighing on bullion demand.