WORLD MARKETS

World Markets Daily News – In Brief – 13/09/2022

2.1K views

. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX sails above 7000 points to post fourth day of gains

The Australian sharemarket rallied above 7000 points for the first time since August, with energy, banking and real estate stocks driving the charge.

. RTT NEWS (US)

Asian Markets Mostly Higher On Global Cues

Asian stock markets are trading mostly higher on Tuesday, following the positive cues from global markets overnight

. CNBC (US)

European markets nudge higher as global investors await U.S. inflation data

European stocks were cautiously higher on Tuesday as global markets geared up for the latest reading of U.S. inflation, with the August data set to be released Tuesday.

. REUTERS (UK)

Oil prices fall as China demand concerns mount amid Covid curbs

Oil prices fell in volatile trade on Tuesday as investor concerns about lower demand in China, the world’s biggest crude importer, and further increases in U.S. and European interest rates offset worries about tight fuel supplies ahead of winter

Gold edges higher on softer dollar ahead of U.S. inflation data

Gold prices held firm on Tuesday near a two-week high hit in the previous session, helped by a subdued dollar, while investors awaited U.S. inflation data that could provide cues on the Federal Reserve’s interest rate hike path.