WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 09/11/2022

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. THE SYDNEY MORNING HERALD (AUSTRALIA)

ASX closes higher as Wall Street shifts focus to US mid-terms

The ASX posted a steady session on Tuesday, with financial, healthcare stocks gaining ground and building materials maker James Hardie copping a hefty hit.

. RTT NEWS (US)

Asian markets trading mostly higher

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

. CNBC (US)

European markets pull back as investors await U.S. midterm results

The pan-European Stoxx 600 was down 0.6% by late morning, with travel and leisure stocks shedding 1.3% as most sectors and major bourses slid into the red.

. REUTERS (UK)

Oil prices dip 2% on China demand worries, U.S. midterm elections

Oil prices edged 2% lower on Tuesday on growing worries about fuel demand as COVID-19 outbreaks worsened in top crude importer China, and jitters about the outcome of U.S. Midterm elections.

Gold jumps over 2% on dollar slide, technical buying

Gold prices jumped over 2% on Tuesday to firm above the key $1,700 per ounce level, boosted by a fall in the dollar and bond yields and technical buying, while market focus remained on U.S. inflation data later this week

. THE FINANCIAL TIMES (UK)

European stocks slip as US midterm results come in

. THE WALL STREET JOURNAL (US)

Elon Musk Sells Tesla Stock Worth Nearly $4 Billion

The sale this month of 19.5 million shares came after the billionaire completed his $44 billion purchase of Twitter