WORLD MARKETS

World Markets Daily News – In Brief – Friday 02/09/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX trading flat as Wall Street ends losing streak with late surge

The Australian sharemarket was trading modestly down at midday on Friday after a late burst on Wall Street, ending the benchmark index’s losing streak.

. RTT NEWS (US)

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mostly negative cues from global markets overnight,

. CNBC (US)

European markets set to nudge higher ahead of U.S. jobs report

European markets are set for a cautiously higher open on Friday to round out a bruising week, as investors await a key U.S. jobs report for indications on the health of the economy.

. REUTERS (UK)

Oil firms on bets OPEC+ will talk up output cuts to stem sinking prices

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5

Gold inches higher; set for third weekly fall as rate-hike bets mount

Gold edged up on Friday but was headed for a third straight weekly drop, as data pointing at a resilient U.S. economy bolstered the likelihood of Federal Reserve keeping interest rates higher for longer and pinned the dollar near recent peaks.

. THE WALL STREET JOURNAL (US)

Fed’s Aggressive Stance Pushes Yen to 24-Year Low Against Dollar

The U.S. and Japanese central banks are standing firm—but looking in different directions