world markets news in brief

World Markets Daily News – In Brief – Thursday 07/07/2022

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. SMH (AUSTRALIA)

ASX moves higher as mining stocks lift

The Australian sharemarket has edged slightly higher this morning as mining stocks regained some ground after slumping on Wednesday, but falls in the tech sector have pushed the index lower after a slight early jump.

. RTT NEWS (US)

Asian Markets Follow Wall Street Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues overnight from Wall Street

. CNBC (US)

European markets look to build on gains as investors digest Fed minutes

European stocks are expected to open higher on Thursday, building on gains in the previous session.

. REUTERS (UK)

Brent slips under $100/barrel as sell-off continues

Brent crude futures extended declines for a third session on Thursday, slipping under $100 a barrel, as fears of a potential global recession spurred concerns about oil demand.

Gold prices firm as dollar rally pauses

Gold prices edged up on Thursday from nine-month lows touched in the previous session, after a break in the dollar’s rally alleviated pressure on bullion, but analysts warned that the relief was likely to be temporary.

. WSJ (US)

Fed Is Prepared for More Rate Hikes That Slow Growth

Fed officials concluded last month they needed to raise rates faster and to levels designed to slow the economy because the inflation outlook had worsened