world markets news in brief

World Markets Daily News – In Brief – Thursday 14/07/2022



ASX rises as higher commodity prices lifts mining giants

The local sharemarket gained 0.4 per cent following a lacklustre start to trading, with market heavyweights BHP, Fortescue and Rio Tinto all up between 2 and 2.4 per cent


Asian markets mostly higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight


Europe opens lower with US inflation data in focus

European stock exchanges opened below the flatline on Thursday following the news that the United States of America’s inflation hit a 41-year high in June.


US Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings

Stock futures were lower on Thursday morning as traders look ahead to earnings from major U.S. banks.


Oil prices tick down as inflation woes take center stage

Oil prices ticked down on Thursday as investors doubled down on the possibility of a rate hike by the U.S. Federal Reserve that would stem inflation and curb oil demand.

Gold dips after U.S. inflation data sparks jumbo rate hike concerns

Gold prices slipped on Thursday, as Treasury yields and the dollar rose, with bullion’s outlook hurt by fears the Federal Reserve could go for a more aggressive interest rate hike this month, after data showed U.S. inflation sky-rocketed in June.


Soaring inflation puts pressure on Fed to abandon guidance again

Traders increasingly bet US central bank will opt for 1 percentage point increase this month despite telegraphing smaller rise


Global Oil-Supply Crisis Shows Signs of Easing

The worst oil-supply crisis in decades is showing tentative signs of slowing as flagging economic growth weighs on crude demand and sanctions on Russia have less impact on oil production than expected, the International Energy Agency said