world markets news in brief

World Markets Daily News – In Brief – Friday 22/07/2022



ASX on pace for best week in four months after overcoming early drop

The ASX has recovered from a drop in early trade and is on track for its best week in months after recession fears loomed over global sharemarkets recently.


Asian Markets Trading Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the positive cues from Wall Street overnight


European stocks slightly lower as investors track monetary policy, earnings

European markets slipped on Friday as investors monitor corporate earnings and try to assess the trajectory of monetary policy.


Oil prices steady after sharp declines on weak U.S. demand

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world’s top oil consumer, and a pick-up in supply from Libya.

Gold set for first weekly gain in six on slowdown fears

Gold prices were flat on Friday, pressured by an uptick in the U.S. dollar and fears over aggressive rate hikes, although heightened slowdown worries kept safe-haven bullion on track for its first weekly gain in six.