world markets news in brief

World Markets Daily News – In Brief – Wednesday 06/07/2022

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. SMH (AUSTRALIA)

ASX slides lower as oil plunge weighs

The Australian sharemarket has fallen in morning trade as recession fears and plunging oil prices hurt resources stocks.

. RTT NEWS (US)

Asian Markets Mostly Lower On Recession Worries

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

. CNBC (US)

European markets jump as investors look to reverse negative slide; Stoxx 600 up 1.3%

European stocks bounced on Wednesday as markets attempted to reverse a negative slide in the previous trading session.

. REUTERS (UK)

Oil prices bounce back from Tuesday tumble as supply concerns return

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.

Gold prices edge up as dollar rally eases

Gold found temporary respite on Wednesday after touching a near seven-month low in the previous session, as the dollar paused for breath after a blistering surge to 20-year highs.

. FT (UK)

Russia’s war helps Qatar boost its influence over global energy flows

Search for alternatives in wake of Ukraine invasion gives Gulf state a big lift as it seeks to develop a major gasfield

. WSJ (US)

Recession Fears, Slowing Demand Tip Oil Below $100

West Texas Intermediate fell 8.2% to $99.50 a barrel, as traders’ attention shifted to the possibility that a downturn in economic growth could cool demand for fuel.