WORLD MARKETS

World Markets Daily News – In Brief – Thursday 18/08/2022

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. SYDNEY MORNING HERALD (AUSTRALIA)

Tech shares, Origin, weigh down ASX after Wall Street slide; $A slumps

The ASX 200 closed 0.2 per cent lower, as a 6.4 per cent drop in Origin Energy shares makes the utilities sector the biggest drag on the market.

. RTT NEWS (US)

Asian markets track global markets lower

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

. CNBC (US)

European markets muted as caution reigns after Fed minutes

The pan-European Stoxx 600 was fractionally lower in early trade, with basic resources shedding 0.6% while autos gained 0.7%

. REUTERS (UK)

Oil prices ease as Russia output increases

Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures.

Gold gains as dollar, yields retreat after Fed minutes

Gold prices rose on Thursday, as the dollar and Treasury yields pulled back slightly after U.S. Federal Reserve minutes hinted policymakers may be less aggressive on future rate hikes.

. THE FINANCIAL TIMES (UK)

Singapore Exchange posts record revenues as Hong Kong bourse’s profits tumble

. THE WALL STREET JOURNAL (US)

Fed Signals Caution on Pace of Interest-Rate Increases

Central bank officials at last month’s meeting acknowledged risks from both raising rates too little and too much to combat inflation.