world markets news in brief

World Markets Daily News – In Brief – Monday 11/07/2022

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. SMH (AUSTRALIA)

ASX dips despite following Wall Street’s winning week

Local markets have dipped after Wall Street capped a winning week with a sputtering finish.

. RTT NEWS (US)

Asian markets trade mostly lower

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

. BAHA (AUSTRIA)

Europe plunges at open as Russia halts Nord Stream pipeline

Major European stocks traded with significant losses during Monday’s opening bell as investors observed the situation related to Russia halting gas deliveries through the Nord Stream pipeline due to planned maintenance.

. CNBC (US)

S&P 500 futures slip ahead of kickoff to earnings season

U.S. equities futures dipped early Monday morning as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment report.

. REUTERS (UK)

Oil mixed as market weighs tight supply against recession jitters

Oil prices were unsteady on Monday, with Brent trading higher on supply concerns while West Texas Intermediate (WTI) dipped, as traders balanced supply concerns against worries about a recession or China’s Covid-19 curbs hitting demand.

Gold prices flat as lofty U.S. dollar smothers appeal

Gold was flat on Monday, as a towering U.S. dollar put pressure on demand for greenback-priced bullion and pinned it near nine-month lows seen last week.