WORLD MARKETS

World Markets Daily News – In Brief – Thursday 17/11/2022

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. THE SYDNEY MORNING HERALD

ASX bolstered by consumer staples despite Wall Street wobbles

The Australian sharemarket closed in the green despite a sour session overnight on Wall Street and uncertainty around the long-term impact of the latest jobless rates.

. 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

. CNBC

European markets open mixed as investors monitor geopolitics, UK budget

European markets opened mixed on Thursday as investors focused on geopolitics and a big budget announcement due in the U.K.

. REUTERS

Oil falls as geopolitical tensions ease

Oil prices fell for a second day in early Asian trade on Thursday as concerns over geopolitical tensions eased

Gold flat as geopolitical tensions ease; focus on future Fed path

Gold prices were flat on Thursday as safe-haven demand from latest geopolitical concerns faded

. THE FINANCIAL TIMES

Hunt prepares to step into the fiscal storm

Chancellor bids to repair UK’s tarnished economic reputation with tax rises and spending cuts, claiming pain is necessary

. THE WALL STREET JOURNAL

Retail Sales Rise, Likely Keeping Fed on Rate-Rise Path

U.S. consumers sharply boosted retail spending in October, a sign that leaves the Federal Reserve likely to keep raising interest rates