WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 30/08/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

Energy, tech stocks help ASX rebound from Monday’s losses

The Australian sharemarket closed up 0.47 per cent on Tuesday, clawing back some of Monday’s losses.

. CNBC (US)

European markets climb as investors monitor recession risks

European markets moved higher on Tuesday after a negative start to the week following remarks from U.S. Federal Reserve Chair Jerome Powell last Friday.

. RTT NEWS (US)

Asian shares mostly higher as investors seek bargains

Asian stocks ended broadly higher on Tuesday despite a weak lead from Wall Street overnight

. REUTERS (UK)

Oil prices slip as inflation woes outweigh possible OPEC+ output cuts

Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts.

Gold edges higher as dollar slips from 20-year high

Gold prices inched up in early Asian hours on Tuesday, as the dollar eased off a 20-year high, offsetting pressure from expectations of the U.S. Federal Reserve keeping interest rates higher for longer to combat inflation.

. THE FINANCIAL TIMES (UK)

Morgan Stanley orders internal lawyer to supervise block trading desk

Arrangement underscores more conservative approach amid US government probes into bulk share sales