world markets news in brief

World Markets Daily News – In Brief – Tuesday 05/07/2022



ASX closes higher after RBA raises rates

The Australian sharemarket closed higher after the Reserve Bank lifted interest rates by 50 basis points as expected on Tuesday afternoon.


Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the positive cues from European markets overnight


European stocks inch higher as global markets look for gains after rout

European stocks nudged higher on Tuesday as global markets look to cement gains after a bruising week for stocks last week


Brent up as strike in Norway threatens to disrupt oil, gas output

Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries.

Gold flat as imminent rate hikes fend off bullion investors

Gold prices were largely unchanged on Tuesday as investors stayed away due to a softening inflation outlook and impending interest rate hikes from top central banks.

. WSJ (US)

Commodity Price Slide Eases Inflation Worries

Oil, wheat, natural gas, lumber, corn and other raw materials ended the quarter near to or lower than March prices, stirring hopes that a significant source of inflationary pressure might be starting to ease