WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 03/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

Winning streak over as ASX slides despite tech resurgence

The ASX has stopped its winning streak at six days, with consumer discretionary stocks holding back the index ahead of earnings season.

. RTT NEWS (US)

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from the global markets overnight

. CNBC (US)

European markets mixed as cautious sentiment persists; Avast up 42%

The pan-European Stoxx 600 hovered fractionally below the flatline in early trade, with autos sliding 1.4% while tech stocks gained 1.4%.

. REUTERS (UK)

Oil falls on demand worries, stronger U.S. dollar

Oil prices fell about 1% in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.

Gold falls as U.S. dollar, yields rise on hawkish Fed comments

Gold slipped on Wednesday as the dollar and U.S. Treasury yields advanced after hawkish comments from Federal Reserve officials hinted at continuing aggressive interest rate hikes in the near term.