WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 27/09/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX stabilises as wary investors eye turmoil in UK markets

The Australian sharemarket bounced back on Tuesday, but investors are still wary of volatile currency markets and hawkish central banks across the globe

. RTT NEWS (US)

Asian Markets Mostly Lower On Global Cues

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight

. CNBC (US)

European markets advance after choppy start to the week

European markets were higher on Tuesday as stocks attempted to rally after choppy trade at the start of the week.

. REUTERS (UK)

Oil prices steady on prospect of balancing supply after steep selloff

Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff

Gold firms on dollar pullback, rate-hike jitters cap gains

Gold prices rose on Tuesday as the dollar’s rally paused, but prices held close to a 2½-year low on expectations of further policy tightening by the U.S. Federal Reserve in its efforts to quell soaring inflation

. THE FINANCIAL TIMES (UK)

Crispin Odey and other hedge fund managers profit from sterling tumble

Computer-driven traders have also gained from the strong selling in UK currency