WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 05/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX soars as investors enjoy another day on the green

The Australian sharemarket has joined global markets in another day of recovery, as traders hold out hope that peak inflation is behind us

. RTT NEWS (US)

Asian Markets Extend Gains On Global Cues

Asian stock markets are mostly higher on Wednesday, following the broadly positive cues from global markets overnight

. CNBC (US)

European markets retreat as rally fades

European stocks retreated on Wednesday, bucking a positive trend seen in the previous session

. REUTERS (UK)

Oil climbs ahead of OPEC+ talks on supply cut

Oil prices inched up on Wednesday extending 3% gains in the previous session ahead of a meeting of OPEC+ producers to discuss a big output cut in what energy executives and analysts see as a tightly supplied market

Gold slips as dollar halts slide; markets await Fed clarity

Gold prices eased on Wednesday as the dollar somewhat stabilized from its drop in the previous session

. THE FINANCIAL TIMES (UK)

Elon Musk proposes buying Twitter for originally agreed $44bn

Tesla chief and social media company were set to take their dispute to trial later this month