WORLD MARKETS

World Markets Daily News – In Brief – Thursday 04/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX dips below 7,000 as weak energy stocks limit tech gains

The Australian sharemarket ran out of puff as the arm wrestle between the rising tech sector and falling resources stocks ended in a draw.

. RTT NEWS (US)

Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight

. CNBC (UK)

European markets nudge higher; big Bank of England hike expected; Lufthansa up 6%

European stocks were slightly higher on Thursday, building on gains made in the previous session.

. REUTERS (UK)

Oil prices rebound after dropping to lowest in months on weak U.S. demand

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signaling weak U.S. fuel demand.

Gold steadies as bond yields slip; focus on U.S. jobs report

Gold prices were steady on Thursday, supported by a pullback in the U.S. Treasury yields and as cautious investors awaited key U.S. nonfarm payrolls report due this week that could offer more cues on the Federal Reserve’s rate-hike stance.