WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 04/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX posts its best session in two years on rates cheer

Investors add $81 billion to the bourse in a jubilant session amid rising expectations the Australian economy can contain inflation

. RTT NEWS (US)

Asian shares climb in broad rally

Asian shares climbed on Tuesday amid hopes for a dovish pivot from the U.S. Federal Reserve

. REUTERS (UK)

Oil prices edge higher ahead of OPEC+ meeting to discuss supply cuts

Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy

Gold retreats from 3-week peak as dollar gains ground

Gold prices edged lower on Tuesday, having touched a nearly three-week high earlier in the session, as a firmer dollar dimmed the appeal of greenback-priced bullion and countered support from lower U.S. Treasury yields

. CNBC (US)

European markets climb as global markets rally; Stoxx 600 up 1.6%

European stocks advanced on Tuesday, building on gains seen in yesterday’s trading session

. THE FINANCIAL TIMES (UK)

UK pound rebounds to above $1.13 after Kwarteng’s tax cut reversal