WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 01/11/2022

1002 views

. THE SYDNEY MORNING HERALD (AUSTRALIA)

Blue chips race ahead as RBA says more rises to come

The Australian sharemarket rounded out Melbourne Cup Day with gains of 1.7 per cent.

. RTT NEWS (US)

Asian markets trading mostly higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight

. CNBC (US)

European stocks head for positive open as global markets focus on the Fed

European markets are heading for a positive start to the trading session on Tuesday with global investors focusing on the U.S. Federal Reserve’s policy meeting, which begins today.

. REUTERS (UK)

Oil prices rise as weaker dollar offsets China Covid-19 concerns

Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening Covid-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer

Gold hovers near 1-week low as dollar steadies ahead of Fed decision

Gold prices were flat on Tuesday, after touching their lowest levels in more than one week, as the dollar held firm ahead of the U.S. Federal Reserve’s policy meeting

. THE FINANCIAL TIMES (UK)

Banks prepare to hold $12.7bn Twitter debt on books until early 2023

Lenders concede they will struggle to drum up demand until Elon Musk unveils detailed strategy

. THE WALL STREET JOURNAL (US)

Musk Is Forming Circle of Advisers to Reimagine Twitter

Elon Musk is quickly setting to work a group of advisers, investors and employees from elsewhere in his business empire to help him reimagine Twitter.