WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 02/08/2022

1698 views

. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX up for sixth straight day as RBA raises interest rates

The local sharemarket is now on its biggest winning streak since March after it crept 0.1 per cent higher following the Reserve Bank’s cash rate increase.

. CNBC (US)

European stocks retreat, tracking global risk-off sentiment; BP up after earnings surge

European markets pulled back slightly on Tuesday, tracking risk-off sentiment globally as investors assess whether last month’s rally has further to run.

. RTT NEWS (US)

Asian Shares Slide On Growth Woes, US-China Tensions

Asian stocks fell on Tuesday as worrying manufacturing data from across the globe raised concerns over a potential recession

. REUTERS (UK)

Oil slips as global demand concerns weigh, OPEC+ meeting eyed

Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply.

Gold steadies as lower U.S. yields counter uptick in dollar

Gold surrendered earlier gains to trade little changed on Tuesday as the U.S. dollar inched higher, although a dip in Treasury yields and growing recession fears kept bullion near four-week peak.

. THE WALL STREET JOURNAL (US)

Global Markets Fall Ahead of Pelosi’s Taiwan Visit

International stocks declined, led by Chinese equities, ahead of the U.S. House Speaker’s planned visit to Taiwan amid heightened tensions between Beijing and Washington.