world markets news in brief

World Markets Daily News – In Brief – Friday 01/07/2022

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. SMH (AUSTRALIA)

ASX in the red after last-minute sell-off

The ASX 200 was hit with another last-minute sell-off, dragging the sharemarket into the red on the first day of trading for the new financial year.

. RTT NEWS (US)

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative cues overnight from global markets, dragged by materials and energy stocks amid tumbling commodity prices.

. CNBC (US)

European markets fall as caution persists after worst quarter since 2020

European markets pulled back further on Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as inflation and interest rate hikes continue to weigh on sentiment.

. REUTERS (UK)

Oil prices rise after falling 3% in previous session

Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy.

Gold dips on higher yields, faces third straight weekly fall

Gold prices edged lower on Friday, and were on track for a third straight weekly decline, as rising U.S. Treasury yields weighed on demand for zero-yield bullion.

. FT (UK)

Corporate fundraisings slide 25% during market rout of 2022

Sales of stocks and debt decline as economic storm stuns investors and executives

. WSJ (US)

Markets Post Worst First Half of a Year in Decades

Stocks, bonds and crypto all tumbled in the first six months of the year, with commodities markets including oil about the only place that didn’t lose ground.