world markets news in brief

World Markets Daily News – In Brief – Wednesday 29/06/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX breaks four-day winning streak amid confidence plunge

The ASX slumped on Wednesday after a big drop in consumer confidence sent Wall Street tumbling, although retail spending in Australia remains resilient

. RTT NEWS (US)

Asian Markets Mostly Lower On Recession Worries

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues overnight from Wall Street

. CNBC (US)

European markets pull back as investors weigh up the economic outlook

European stocks retreated on Wednesday as global sentiment remained volatile, with investors monitoring the economic outlook

. REUTERS (UK)

Oil prices take breather after three-day rally

Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is limited room for major producers such as Saudi Arabia to boost production.

Gold prices buoyed by lower U.S. bond yields

Gold prices treaded water on Wednesday, with lower U.S. Treasury yields lending support, as bullion’s struggle to break out of its range-bound trade continued.

. FINANCIAL TIMES (UK)

UK plans to cut pipelines to EU if Russia gas crisis intensifies

Britain would cut two-way interconnectors to Belgium and Netherlands in event of severe shortages