WORLD MARKETS

World Markets Daily News – In Brief – Monday 22/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX extends slump as tech stocks weigh on Wall Street

The ASX has started the week lower after a broad slide on Wall Street

. RTT NEWS (US)

Asian markets track global markets mostly lower

Asian stock markets are trading mostly lower on Monday, following the mostly negative cues from global markets on Friday

. CNBC (US)

European markets set for slightly lower open as Fed hike fears resurface

European markets are set to open slightly lower on Monday as fears of more aggressive interest rate hikes from the Federal Reserve return to the fore.

. REUTERS (UK)

Oil falls on concerns economic slowdown may dent fuel demand

Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.

Gold hits over three-week low on strong dollar, Fed rate hike worries

Gold prices fell for a sixth straight session on Monday to hit their lowest in more than three weeks, weighed down by a robust dollar and expectations of further interest rate hikes from the U.S. Federal Reserve to tame surging inflation.

. THE FINANCIAL TIMES (UK)

World’s largest sovereign wealth fund says cyber security is top concern

Norway’s oil fund chief warns of tough times ahead for investors

. THE WALL STREET JOURNAL (US)

More Stocks Are Taking Part in Bounceback Rally

A wide swath of stocks has participated in the market’s recent rebound, typically an encouraging sign of a rally’s durability. Yet few investors are willing to call a market bottom.