WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 24/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX defies Wall Street’s soft lead as tech, energy stocks rise

The Australian sharemarket has been trading higher this morning, led by gains from technology and energy stocks.

. RTT NEWS (US)

Asian Markets Mostly Lower Amid Cautious Trades

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

. REUTERS (UK)

Oil prices fall as fears of imminent OPEC+ output cut recede

Oil prices fell on Wednesday, taking a breather from a nearly 4% surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+.

Gold holds steady as investors focus on Jackson Hole symposium

Gold held steady on Wednesday, with gains checked by an uptick in the U.S. dollar, as market participants looked forward to a speech from Federal Reserve Chair Jerome Powell later this week.

. THE WALL STREET JOURNAL (US)

Prices Show Endless Demand for Shale Gas

U.S. natural gas prices are as high as they’ve been in 14 years as Europe is desperate for imported gas

. THE FINANCIAL TIMES (UK)

Investors price in $130bn loss on China developers’ dollar bonds