WORLD MARKETS

World Markets Daily News – In Brief – Thursday 29/09/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX soars to post biggest gain in three months

The Australian sharemarket rallied on Thursday, jumping 1.44 per cent at market close, with all eleven sectors in the green

. RTT NEWS (US)

Asian Shares Mostly Higher After BoE Move

Asian stocks followed Wall Street higher on Thursday after the Bank of England stepped in to buy U.K. debt, helping ease volatility in the currency and bond markets

. CNBC (US)

European stocks fall as Bank of England boost fades; Stoxx 600 down 1.6%

European stocks fell on Thursday as the initial reprieve after the Bank of England stepped in to calm the markets seemingly faded

. REUTERS (UK)

Oil prices fall amid strong dollar, economic concerns

Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand

Gold pulls back on dollar strength, hawkish Fed view

Gold prices retreated on Thursday, as prospects for more U.S. interest rate hikes and a subdued outlook for global economic growth bolstered the dollar

. THE FINANCIAL TIMES (UK)

Truss vows to stick to tax-cutting plans despite market turmoil

UK prime minister breaks silence as gilt sell-off resumes