WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 23/08/2022

1676 views

. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX deepens losses as investors ditch consumer stocks

The Australian sharemarket closed down 1.2 per cent after Wall Street fell sharply overnight, and retail stocks led declines.

. RTT NEWS (US)

Asian Markets Mostly Lower On Global Cues

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

. CNBC (US)

European markets lower as energy, growth fears take hold; euro at 20-year low

European markets were lower on Tuesday morning, tracking global sentiment as a fresh surge in European energy prices deepened fears of a recession and sent the euro to 20-year lows.

. REUTERS (UK)

Oil prices rise after Saudi says OPEC could cut output

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

Gold ekes out gains as dollar rally takes a breather

Gold prices edged higher on Tuesday after hitting a near one-month low in the previous session, helped by a slight pullback in the dollar although lingering worries over further aggressive U.S. interest rate hikes kept gains in check.

. THE WALL STREET JOURNAL (US)

IPO Market Faces Worst Year in Two Decades. ‘Really Hard Pill to Swallow’

Inflation, rising interest rates and Russia’s invasion of Ukraine sent shock waves through the stock market, putting a freeze on the IPO pipeline