WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 26/07/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

ASX hits six-week high, investors eye incoming CPI data

The sharemarket has rallied 0.3 per cent ahead of another rate rise in the US and local CPI data out on Wednesday.

. RTT NEWS (US)

Asian shares mixed ahead of Fed meeting

Asian stocks struggled for direction before ending mixed on Tuesday as investors braced for a busy week of earnings and economic data in the United States

. THE FINANCIAL TIMES (UK)

European gas prices soar after Russia deepens supply cuts

Futures contracts hit five-month high after Gazprom announces drop in flows

. CNBC (US)

European stocks close mixed with earnings, Fed meeting on the agenda; UBS down 8%

European markets were cautious on Tuesday as investors digested a fresh round of corporate earnings and looked ahead to the Federal Reserve’s policy decision on Wednesday.

. REUTERS (UK)

Gold steadies, investors eye Fed rate decision

Gold prices held steady on Tuesday as bond yields fell a day before the U.S. Federal Reserve’s widely expected 75-basis-point rate hike.

. THE WALL STREET JOURNAL (US)

Tech Shares Under Pressure Ahead of Earnings

U.S. stocks fell as investors awaited results from tech and consumer companies