world markets news

World Markets Daily News – In Brief – Wednesday 13/07/2022

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. SMH (AUSTRALIA)

Sharemarket treads water as oil prices hit three-month low

A three-month low in oil prices has caused a slump on Wall Street and weighed on the ASX in early trade.

. RTT NEWS (US)

Asian Markets Trading Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by weakness in materials and energy stocks

. CNBC (US)

Stock futures are flat with all eyes on June’s inflation report

Stock futures were little changed early on Wednesday as investors awaited a key inflation report that is expected to show a fresh high.

. REUTERS (UK)

Oil prices slip on anticipated U.S. inventory build amid demand worries

Oil prices fell in early Asian trading on Wednesday as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

Gold subdued on dollar strength ahead of U.S. inflation data

Gold prices hovered near a more than nine-month low on Wednesday, with the dollar continuing to hurt bullion demand, while investors awaited monthly U.S. inflation data for cues on the road ahead for the Federal Reserve’s monetary policy.

. FT (UK)

European shares open lower ahead of closely watched US inflation reading

. WSJ (US)

Twitter Sues Elon Musk to Enforce $44 Billion Merger

The lawsuit comes days after the billionaire moved to terminate the deal over fake accounts. Twitter requested expedited treatment of the case