WORLD MARKETS

World Markets Daily News – In Brief – Thursday 13/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX wipes gains to close flat as investors await US inflation figures

A rally from the banks helped limit losses on the Australian sharemarket on Thursday as the local bourse awaits CPI data due out in the US overnight

. RTT NEWS (US)

Asian markets track global markets lower

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

. CNBC (US)

European stocks mostly lower as investors brace for U.S. inflation data

European markets pulled back slightly on Thursday morning as investors around the world prepare themselves for the latest U.S. inflation data.

. REUTERS (UK)

Oil prices shaky amid worsening demand outlook

Oil prices struggled to find their footing in early Asian trade on Thursday after a weakening global demand outlook depressed the market in the last session.

Gold prices steady ahead of U.S. inflation data

Gold prices were steady on Thursday as market participants refrained from making big moves ahead of key U.S. inflation reading that could influence the size of the Federal Reserve’s next interest rate hike.

. THE FINANCIAL TIMES (UK)

Gilts crisis undermines drive to use pension funds for economic growth

Much-flagged government initiative at risk as retirement funds now fighting shy of illiquid assets

. THE WALL STREET JOURNAL (US)

Fed Minutes Show Concerns of More Persistent High Inflation

Officials last month revised up their expectations of future interest-rate increases and said labor markets would need to weaken