WORLD MARKETS

World Markets Daily News – In Brief – Thursday 10/11/2022

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. THE SYDNEY MORNING HERALD 

ASX slips on Wall Street jitters and creaky crypto

The Australian sharemarket failed to gain traction on Thursday, following a sour lead from Wall Street as uncertainty across US politics, cryptocurrencies, and inflation softened equities

. CNBC

European markets fall slightly as investors track U.S. midterm results, inflation data; Teleperformance down 38%

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight

. RTT NEWS

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight

. REUTERS

Oil edges lower on China demand pressures; market awaits U.S. inflation data

Oil extended losses on Thursday for a fourth consecutive session, as renewed Covid curbs in China, the world’s biggest crude importer, weighed on the market and traders await U.S. inflation data for clues on further interest rate increases.

Gold ticks higher as dollar slips ahead of U.S. inflation data

Gold edged higher on Thursday supported by a dip in the dollar, but moved in a relatively narrow range on caution ahead of U.S. inflation data that could influence the Federal Reserve’s future interest rate hikes.

. THE FINANCIAL TIMES

FTX on brink of collapse after Binance abandons rescue

Sam Bankman-Fried’s crypto exchange dashes to fill $8bn hole as Sequoia writes down equity on ‘solvency risk’

. THE WALL STREET JOURNAL

U.S. Stock Futures Edge Up Ahead of Inflation Data

Stock futures inched higher ahead of official inflation data, as investors wrestled with uncertainty around midterm-election results and tumult in cryptocurrency markets.