WORLD MARKETS

World Markets Daily News – In Brief – Friday 29/07/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX jumps after Wall Street surge; Apple, Amazon report

The Australian sharemarket has opened 1.2 per cent stronger, with tech, materials and real estate sectors posting early gains.

. RTT (US)

Asian markets trade mostly higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as trader sentiment remains positive on hopes the U.S. Fed will slow down its pace of interest rate hikes at its upcoming meetings

. CNBC (US)

European markets climb with earnings, economic data on the agenda

European markets advanced on Friday as investors digested a fresh swathe of corporate earnings and awaited key economic data out of the euro zone.

. REUTERS (UK)

Oil prices rise on tight supply as attention turns to OPEC+ meeting

Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker U.S. dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week marking the end of their 2020 output reduction pact.

Firm dollar pushes gold to fourth straight monthly loss

Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S. dollar and aggressive monetary policies from top central banks continued to erode demand for bullion.