WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 02/11/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX closes in the green as Fed interest rate rise looms

The Australian sharemarket posted muted gains as investors turn their attention to US Fed’s impending interest rate announcement

. RTT NEWS (US)

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly negative cues from Wall Street overnight

. CNBC (US)

European markets head for a positive open as investors focus on the Fed’s next move

European markets are heading for a positive open as global investors focus on the conclusion of the U.S. Federal Reserve’s policy meeting on Wednesday

. REUTERS (UK)

Oil climbs on demand hopes after big drawdown in U.S. crude stocks

Oil prices rose in early trade on Wednesday after industry data showed a surprise drop in U.S. crude stockpiles, suggesting demand is holding up despite steep interest rate hikes dampening global growth

Gold edges higher ahead of key Fed rate verdict

Gold prices ticked higher on Wednesday, supported by a pullback in the dollar, although investors were focused on the U.S. Federal Reserve outlook on future pace of interest rate hikes as the central bank’s policy meeting concludes later in the day

. THE FINANCIAL TIMES (UK)

Qatar Investment Authority plans to raise Credit Suisse stake

Deal will see up to a quarter of the Swiss bank being owned by Middle Eastern investors

. THE WALL STREET JOURNAL (US)

Musk Aims to Boost Twitter Revenue With Subscriptions

In a series of tweets, Musk wrote that the social-media company needs to pay the bills without relying on advertisers. He signaled that he was leaning toward an $8-per-month subscription offering for verified accounts