world markets news in brief

World Markets Daily News – In Brief – Tuesday 12/07/2022



ASX gains despite Wall Street declines, which sent big tech tumbling

The local sharemarket was up 0.2 per cent just after midday, despite a slump on Wall Street, where traders were positioning for a hot inflation reading.


Asian Markets Mostly Lower Amid Cautious Trades

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight


Europe opens lower with data in focus

Major stock markets in Europe opened lower on Tuesday ahead of the newest report on economic sentiment in the Eurozone


Stock futures decline as Wall Street looks ahead to the start of earnings season

U.S. stock futures fell early on Tuesday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week.


Oil slides as renewed China Covid-19 curbs temper fuel demand outlook

Oil prices fell on Tuesday as fresh Covid-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.

Gold hits nine-month trough on dollar strength

Gold hit a new nine-month low on Tuesday, as the U.S. dollar at a 20-year high stifled demand for bullion, but a slight recovery in the euro against the greenback limited further losses.

. FT (UK)

Twitter calls Musk’s bid to scuttle $44bn deal ‘invalid and wrongful’

Letter claims Tesla chief was the one who breached merger agreement as battle over takeover heats up