world markets news in brief

World Markets Daily News – In Brief – Monday 04/07/2022

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. SMH (AUSTRALIA)

ASX lifts on energy, real estate stocks ahead of RBA meeting

The Australian sharemarket has kicked off the week with solid gains after energy and real estate stocks rose.

. RTT NEWS (US)

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from the Wall Street on Friday, as traders remain concerned about a global recession as major central banks signaled their intent to move ahead with aggressive rate hikes to tame surging inflation.

. CNBC (US)

European markets make positive start to the new trading week

European stocks climbed on Monday in what’s expected to be a quieter day for global markets given the July Fourth holiday in the United States.

. REUTERS (UK)

Oil prices slip as recession fears rumble on, tight supply stems losses

Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia.

Gold prices ease as dollar strength dulls appeal

Gold prices edged lower on Monday, as an elevated U.S. dollar hurt demand for greenback-priced bullion and also outweighed support from weakening Treasury yields.