WORLD MARKETS

World Markets Daily News – In Brief – Friday 26/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX pushes up as investors sift through company earnings

The Australian sharemarket finished the week in positive territory despite a late slump during the session, with 10 out of 11 sectors closing the green.

. RTT NEWS (US)

Asian markets follow Wall Street higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight

. CNBC (US)

European markets nudge higher ahead of Powell’s Jackson Hole speech

European markets ticked higher on Friday as global attention turns to U.S. Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole economic symposium.

. REUTERS (UK)

Oil prices edge up on signs of improving demand

Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S. Federal Reserve chairman on the outlook for rate hikes in a speech later in the day.

Gold eases as investors await Powell’s Jackson Hole speech

Gold prices were subdued on Friday, as investors adopted a cautious stance ahead of U.S. Federal Reserve Chair Jerome Powell’s speech at a key central bankers’ meeting, which will be vetted for guidance on interest rate hikes.

. THE WALL STREET JOURNAL

Deal Nears to Allow Audit Inspection of U.S.-Listed Chinese Companies

U.S. regulators would travel to Hong Kong to review audit records of Chinese companies listed on American stock exchanges. The pact could prevent many Chinese companies from being delisted.

. THE FINANCIAL TIMES (UK)

UK energy regulator increases price cap by 80%

A typical household gas and electricity bill will rise to £3,549 a year from October