WORLD MARKETS

World Markets Daily News – In Brief – Monday 17/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX takes a tumble as energy, mining stocks slump

The Aussie sharemarket dropped shed 1.4 per cent on Monday as inflation woes continue to impact global markets.

. RTT NEWS (US)

Asian Markets A Sea Of Red

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday

. CNBC (US)

European markets open marginally higher; UK awaits another fiscal statement

European markets opened marginally higher Monday, with the Stoxx 600 index up 0.4% at 9.15 a.m. London time

. REUTERS (UK)

Oil bounces higher as U.S. dollar’s strength eases

Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer.

Gold firms as dollar rally pauses; rate-hike woes cap gains

Gold prices rose on Monday after declining more than 1% in the previous session, as a pause in the dollar rally alleviated some pressure from the greenback-priced bullion.

. THE FINANCIAL TIMES (UK)

Hunt to bring forward tax measures in effort to calm markets

UK chancellor to announce fiscal package to tackle deficit on Monday morning

. THE WALL STREET JOURNAL (US)

Goldman Plans Sweeping Reorganization

The Wall Street firm will combine its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another