WORLD MARKETS

World Markets Daily News – In Brief – Monday 25/07/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX defies Wall Street to hit a 20-day high in early trade

While Wall Street fell on worse-than-expected tech company results, the ASX rallied 0.1 per cent in early trade on Monday.

. RTT NEWS (US)

Asian Markets Mostly Lower Amid Cautious Trades

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday

. BAHA (AUSTRIA)

Europe opens lower on economic uncertainty

European stock exchanges traded lower at the opening bell, as economic uncertainty fueled by inflation fears across the region drove the negative sentiment in the markets.

. REUTERS (UK)

Oil falls on concerns expected Fed hike will impact fuel demand

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the U.S., the world’s biggest oil user, may limit fuel demand growth.

Gold dips as dollar firms, Fed rate hike looms

Gold prices slipped on Monday, as an elevated dollar and prospects of an aggressive interest rate hike by the U.S. Federal Reserve this week dented demand for non-yielding bullion.

. CNBC (US)

Markets face what could be the most important week of summer with Fed, earnings and economic data

There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting.