world markets news in brief

World Markets Daily News – In Brief – Wednesday 20/07/2022

1760 views

. SMH (AUSTRALIA)

ASX heading for best day in weeks as tech stocks soar

The Australian sharemarket is on track for its best day in weeks as tech stocks lead the way after a strong day on Wall Street overnight.

. RTT NEWS (US)

Asian Markets A Sea Of Green On Global Cues

Asian stock markets are trading higher on Wednesday, following the broadly positive cues from the global markets overnight

. CNBC (US)

European stocks head for higher open as U.S. rally lifts global sentiment

European stocks are expected to open higher Wednesday, after a rally in U.S. stocks buoyed sentiment in Asia-Pacific markets overnight.

. REUTERS (UK)

Oil falls on inflation concerns, anticipated stock builds

Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.

Gold steady as dollar slide balances rate-hike fears

Gold was little changed on Wednesday as it failed to make the most of a pullback in the dollar, with demand for bullion being restrained amid prospects of aggressive monetary policies and rising U.S. bond yields.