WORLD MARKETS

World Markets Daily News – In Brief – Monday 05/09/2022

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. SMH (AUSTRALIA)

Energy stocks push ASX higher despite negative Wall Street lead

The Australian sharemarket has brushed off a negative Wall Street lead to open higher on Monday morning

. RTT NEWS (US)

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday

. CNBC (US)

European markets set to fall at the open as investors weigh economic risks

European markets are heading for a sharp fall at the open on Monday as investors ponder economic risks in the region.

. REUTERS (UK)

Oil prices climb more than $1 ahead of OPEC+ meeting

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.

Gold flat as more Fed rate hikes loom

Gold prices were flat on Monday, after jumping as much as 1.2% in the previous session, as cautious investors focused on the U.S. Federal Reserve’s rate-hike path following a mixed jobs data.

. THE FINANCIAL TIMES (UK)

Euro falls below $0.99 for first time in 2 decades on Russian gas shutdown