WORLD MARKETS

World Markets Daily News – In Brief – Monday 01/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX edges higher to kick off August in style

The Australian sharemarket has moved higher for a fifth straight session ahead of the Reserve Bank’s interest rate decision on Tuesday.

. RTT NEWS (US)

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders react to the latest batch of earnings news from big-name companies

. CNBC (US)

Chinese companies flock to Switzerland to raise money with new stock listings

Chinese companies looking to raise cash overseas have turned to Switzerland — and gotten speedy regulatory approval to do so.

European markets make a mixed start to August trading

The pan-European Stoxx 600 hovered around the flatline in early trade, with banks adding 1.5% while travel and leisure stocks dropped 0.5%.

. REUTERS (UK)

Oil prices slip ahead of OPEC+ meeting

Oil prices dropped early on Monday as investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments.

Gold hovers near 3-week high on softer dollar, yields

Gold prices held steady on Monday, hovering near a more than three-week high scaled in the previous session, helped by a weaker U.S. dollar and lower bond yields.

. THE FINANCIAL TIMES (UK)

Ukraine/Russia grain export deal tested as first shipment departs

Sierra Leone-flagged Razoni carrying 26,000 tonnes of corn leaves Black Sea port of Odesa

. WALL STREET JOURNAL (US)

Individual Investors Ramp Up Bets on Tech Stocks

The Nasdaq Composite Index has fallen 21% in 2022. Yet many of its biggest stocks remain popular among individual investors.