world markets news in brief

World Markets Daily News – In Brief – Friday 08/07/2022



ASX on track for best week since March as resources edge higher

Strong resource stocks have lifted the Australian sharemarket 0.7 per cent higher in morning trade, putting the local index on track to record its best week since mid-March.


Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from global markets, boosted by materials and energy stocks amid rebounding commodity prices


Japanese markets wobble following news of Shinzo Abe shooting

The shooting of one of Japan’s most influential modern leaders will shock a society that has suffered little political violence for decades


European stocks set for mixed open, on course for positive week ahead of U.S. payrolls

Major stock markets in Europe opened mostly lower on Friday following British Prime Minister Boris Johnson’s resignation, which took place the day before.


Stock futures edge lower ahead of key jobs report

Stock futures fell early on Friday following a rally on Wall Street as investors await a key jobs report Friday.


Oil dips as investors torn by tight supply worries and recession fears

Oil prices slipped in early Asian trade on Friday, following a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen oil demand.

Gold prices inch higher as dollar softens; set for weekly loss

Gold firmed on Friday as the dollar came slightly off two-decade highs, but bullion was set to post its biggest weekly drop in more than a month as the elevated greenback hit demand.