world markets news in brief

World Markets Daily News – In Brief – Monday 27/06/2022



Australian sharemarket has best day since January

The Australian sharemarket climbed 1.94 per cent following Wall Street’s strongest performance in two years.


Asian markets trade mostly higher

Asian stock markets are trading mostly higher on Monday, following the positive cues from global markets on Friday, with energy, technology and financial stocks leading the way higher.


European markets climb as positive global momentum continues

The pan-European Stoxx 600 index added 0.9% in early trade, with basic resources jumping 3.6% to lead gains as almost all sectors and major bourses entered positive territory.


Oil slides more than $1 as G-7 debate Iran nuclear deal, Russia

Oil prices slipped more than $1 a barrel on Monday as global economic concerns depressed the oil demand outlook while investors eyed the G-7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal.

Gold rises as G-7 nations plan to ban bullion imports from Russia

Gold prices gained on Monday, as news of some Western nations planning to officially ban imports of the metal from Russia for its invasion of Ukraine sparked some interest in bullion.


Hedge funds braced for further stock market turmoil

Caution intensifies despite already steep losses in 2022