WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 20/09/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX buoyed by bullish miners, dovish RBA

The local bourse bounced back from Monday’s losses thanks to a late rally on Wall Street, and a signal from the RBA that it may be close to slowing the pace of rate hikes

. CNBC (US)

European markets choppy as Fed meeting gets underway

European markets were choppy on Tuesday, struggling to build on the previous session’s broadly higher trade

. RTT NEWS (US)

Asian Shares Follow Wall Street Higher Ahead Of Fed Meeting

Asian stocks recovered from recent losses on Tuesday, thanks to a rebound in the final hour of New York trading overnight

. REUTERS (UK)

Oil prices up but expected Fed rate hike paints bearish picture

Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic growth and fuel demand

Gold slips on strong dollar as markets await big Fed rate-hike

Gold prices fell on Tuesday, weighed down by a firmer dollar and elevated U.S. bond yields, as the Federal Reserve gears up for a hefty rate hike to tame inflation pressures