WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 19/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX lifts for second day; energy stocks slump

The Australian sharemarket closed up 0.31 per cent, adding to Tuesday’s big gains.

. RTT NEWS (US)

Asian Markets Mostly Higher On Global Cues

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

. CNBC (US)

European markets flat after UK inflation data; ASML up 7%

European markets opened higher Wednesday but were flat within the first hour of trading.

. REUTERS (UK)

Oil prices rise as investors seek riskier assets and on China demand outlook

Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities

Gold dips as steady U.S. dollar, looming rate hikes dim appeal

Gold inched lower on Wednesday as the dollar gained some ground, while the U.S. Federal Reserve’s commitment to tightening its monetary policy also weighed on zero-yield bullion’s appeal.

. THE FINANCIAL TIMES (UK)

Goldman retreats from mass market in long quest for higher valuation

David Solomon admits to investors concerns as he unveils second big restructuring in four years