WORLD MARKETS

World Markets Daily News – In Brief – Thursday 28/07/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX upbeat despite economic slowdown forecast

The local sharemarket has hit another six-week high, in a session that saw broad gains and a 1 per cent lift in the ASX 200.

. RTT NEWS (US)

Asian Markets Mostly Higher After Powell Comments

Asian stock markets are trading mixed on Thursday, following the broadly positive cues from global markets overnight, as traders reacted to the US Fed’s widely anticipated interest rate hike and Fed Chair Jerome Powell’s comments that he does not think the U.S. is currently in a recession

. CNBC (US)

European markets climb as less hawkish Fed soothes investors

European markets advanced on Thursday as global stocks took heart from slightly less hawkish messaging from the U.S. Federal Reserve.

. REUTERS (UK)

Oil prices edge up on low inventories, high gasoline demand in U.S.

Oil prices edged up on Thursday, extending gains from the previous session, buoyed by lower crude inventories and higher gasoline demand in the United States.

Gold gains as Fed’s Powell offers respite from big rate hike jitters

Gold prices extended gains on Thursday after comments from the U.S. Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging the dollar and Treasury yields lower.

. THE FINANCIAL TIMES (UK)

Global shares gain on hopes for slower interest rate rises

. THE WALL STREET JOURNAL (US)

Shell Posts Record Quarterly Profit on Soaring Energy Prices

The results are the latest sign of a recovery in the fortunes of the world’s largest oil companies