. THE SYDNEY MORNING HERALD
ASX hits five-month high as US inflation data spurs market optimism
The ASX roared higher on Friday, with tech and real estate stocks enjoying a stellar session, however, the exuberance may be short-lived.
. RTT NEWS
Asian markets a sea of green
Asian stock markets are trading sharply higher on Friday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to the smaller-than-expected increase in US consumer price inflation in October
Stock futures rise after S&P 500 posts its biggest one-day rally since 2020
Stock futures rose early Friday after China said it would ease some Covid measures, building on optimism from better-than-feared inflation data that fueled a broad market rally Thursday.
Oil crawls higher on U.S. hopes, but Covid rise in China caps gains
Oil prices rose on Friday as fears of a U.S. recession eased but were on track for weekly declines of more than 4% after a jump in COVID-19 cases in top oil importer China raised the spectre of weaker fuel demand.
Gold eyes best week since March on hopes of less aggressive Fed
Gold prices eased on Friday, but were set for their biggest weekly gain in more than eight months, as U.S. data pointing to slowing inflation boosted hopes that the Federal Reserve would slow its aggressive rate hikes
. THE FINANCIAL TIMES
FTX assets frozen by Bahamas regulator as crypto exchange fights to survive
Investors describe chaotic race by Sam Bankman-Fried to secure up to $8bn to bail out his group
. THE WALL STREET JOURNAL
Elon Musk Raises Specter of Twitter Bankruptcy
Twitter suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company.