WORLD MARKETS

World Markets Daily News – In Brief – Thursday 11/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

Drop in US inflation ushers ASX to fresh highs

The local sharemarket closed 1.1 per cent higher after Wall Street stocks surged to three-month highs, reflecting a welcome drop in inflation.

. RTT NEWS (US)

Asian Shares Follow Wall Street Higher As Inflation Worries Ease

Asian stocks followed Wall Street higher on Thursday after a report showed U.S inflation cooled more than expected in July, reflecting lower energy prices.

. CNBC (US)

European markets mixed as investors assess inflation, earnings; Aegon up 9%

The pan-European Stoxx 600 was flat by mid-morning trade, with oil and gas stocks climbing 1.3% while basic resources fell 0.7%.

. REUTERS (UK)

Oil falls on demand concerns, greater supply

Oil prices fell in early Asian trade on Thursday as traders anticipated more supply of crude entering the market coupled with weaker demand.

Gold subdued on Fed comments after U.S. inflation data

Gold prices eased on Thursday from last session’s one-month peak, weighed down by hawkish policy remarks by U.S. Federal Reserve officials even as data pointed to signs of inflation peaking.

. THE WALL STREET JOURNAL (US)

Stock Futures Rise After Nasdaq Enters Bull Market

U.S. stock futures edged higher as investors predicted that a softer-than-expected inflation reading would slow the Federal Reserve’s pace of interest-rate increases.