WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 25/10/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX edges up despite energy slump and China woes

The Australian sharemarket continued to trade higher on Tuesday despite uncertainty triggered by China’s trading tumble.

. RTT NEWS (US)

Asian markets trading mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight

. CNBC (US)

European markets advance as investors watch earnings, monetary policy

European markets nudged higher on Tuesday as global investors assessed the outlook for monetary policy from the U.S. Federal Reserve and digested a swathe of corporate earnings.

. REUTERS (UK)

Oil prices edge higher as U.S. dollar eases

Oil prices edged higher on Tuesday, reversing some of the previous session’s losses, as the U.S. dollar eased, while weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world’s biggest economy

Gold firms on softer dollar, investors await Fed cues

Gold prices edged higher on Tuesday, propped up by a pullback in the dollar, while investors awaited further cues on the U.S. Federal Reserve’s interest rate-hike path

. THE FINANCIAL TIMES (UK)

China bulls hammered by stock rout as Xi consolidates power

Tiger Global and Baillie Gifford among investors of companies hit by Monday’s market tumble