world markets news in brief

World Markets Daily News – In Brief – Thursday 30/06/2022

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. SMH (AUSTRALIA)

ASX set to close financial year with more losses

The Australian sharemarket is 0.8 per cent lower at midday on Thursday with energy shares and the big four banks leading the way down.

. RTT NEWS (US)

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues overnight from Wall Street

. CNBC (US)

European markets see declines at the open as recession concerns persist

European stocks opened lower on Thursday with all of the region’s major indexes trading lower on the final trading day of the first half of the year.

. REUTERS (UK)

Oil rises as supply concerns outweigh U.S. fuel stocks build

Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories.

Gold set for worst quarter in five as dollar dominates

Gold was mostly quiet on Thursday, but faced its worst quarter since early 2021, as a remarkable showing from the dollar kept investors away, with bullion’s outlook clouded by top central banks adopting aggressive tactics against stubborn inflation.

. FINANCIAL TIMES (UK)

Sell-off crushes UK companies that sought to ride Spac wave

From electric vehicles to fintech start-ups, their stocks have lost an average of 61% of value

. WALL STREET JOURNAL (US)

CEO Stock Sales Raise Questions About Insider Trading

A WSJ analysis of preset trading plans by company insiders shows that executives benefit when sales happen quickly after the plans’ adoption. Academics and the SEC say some corporate insiders might be using nonpublic information to game the system.