WORLD MARKETS

World Markets Daily News – In Brief – Monday 14/11/2022

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. THE SYDNEY MORNING HERALD

Miners keep ASX steady as markets enjoy China boost

The Australian sharemarket held steady on Monday, down just 0.16 per cent at close, despite a positive start off the back of news that China would relax some of its COVID-19 restrictions

. RTT NEWS

Asian shares give up gains to end mostly lower

Asian stocks ended mostly lower on Monday, as hawkish comments from a Federal Reserve official offset investor optimism over China’s sweeping rescue package to salvage its real estate market

. CNBC

S&P 500 is flat on Monday as Wall Street takes a breather after its best week since June

The S&P 500 was little changed on Monday after it posted its biggest weekly gain in almost five months on the back of easing inflation data.

. REUTERS

Oil reverses gains, falls on China Covid surge, firmer dollar

Oil prices pared earlier gains and fell on Monday, dragged down by a firmer U.S. dollar and record high coronavirus cases in major Chinese cities that dashed hopes of the reopening of the economy of the world’s biggest crude importer.

Gold drops 1% as Fed warning on inflation boosts dollar

Gold fell 1% on Monday pressured by a firmer U.S. dollar, after Federal Reserve Governor Christopher Waller warned markets that the central bank was not softening its fight against inflation.

. THE FINACIAL TIMES

German government nationalises Gazprom subsidiary

. THE WALL STREET JOURNAL

FTX, Bankman-Fried in Crosshairs of U.S. Prosecutors

The crypto exchange’s collapse likely exposed the company and founder Sam Bankman-Fried to potential criminal liability.