world markets news in brief

World Markets Daily News – In Brief – Thursday 21/07/2022



Tech stocks win tug-of-war to push ASX higher

After see-sawing throughout the day, the Australian sharemarket rose in the final hour of trade to close higher thanks to tech stocks moving upward.


Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the broadly positive cues from Wall Street overnight


European markets flat, anticipating first ECB rate hike in over a decade

European stocks were little changed on Thursday as the region’s investors awaited the European Central Bank’s latest monetary policy decision, in which it’s widely expected to announce its first interest rate hike in years.


Oil prices edge lower as demand concerns outweigh tight supply

Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand during the peak summer driving season.

Gold hits near one-year low on dollar strength, imminent rate hikes

Gold prices fell on Thursday to their lowest in nearly a year, as an elevated U.S. dollar and prospects of more interest rate hikes by major central banks to combat soaring inflation weighed on bullion’s appeal.

. FT (UK)

Russia resumes gas supply to Europe through Nord Stream 1

Germany feared cut-off would plunge its economy into recession