WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 27/07/2022

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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 Decision

Asian stocks ended mixed on Wednesday after Alphabet and Microsoft reported better than feared quarterly results, helping soothe investor worries over the economic outlook

. CNBC (US)

European markets nudge higher ahead of Fed decision; Worldline up 14%

European markets traded higher on Wednesday as investors looked ahead to the latest monetary policy decision from the U.S. Federal Reserve.

. REUTERS (UK)

Oil rises on U.S. inventory drop, Russian gas cuts

Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike.

Gold slips as investors await fed policy decision

Gold prices slipped on Wednesday as as investors remained cautious ahead of the U.S. Federal Reserve’s policy decision later in the day.

. THE FINANCIAL TIMES (UK)

European gas price rise accelerates as Russia cuts flows

Cost has surged 25% this week as Moscow reduces supply through key pipeline

. THE WALL STREET JOURNAL (US)

Stocks Rise Ahead of Fed Decision

The Fed is expected to raise its benchmark interest rate by three-quarters of a percentage point for the second straight meeting in an effort to tamp inflation that’s been running at a four-decade high.

. MARKETWATCH (US)

U.S. stocks advance ahead of Fed decision, supported by tech sector gains

U.S. stock indexes traded higher Wednesday, ahead of a Federal Reserve interest rate decision, with investors responding positively to earnings results from some technology sector giants.

. TASNIM (IRAN)

Venezuela Provides Iran with 1 Million Hectares of Farmland

Venezuela has allowed Iran to use one million hectares of its farmland for cultivation, an Iranian official said.