WORLD MARKETS

World Markets Daily News – In Brief – Friday 18/11/2022

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. THE SYDNEY MORNING HERALD

Banks boost ASX despite hawkish US rates talk

The ASX closed in the green despite Federal Reserve talk around further rate rises, which triggered stocks to fall on Wall Street and Treasury yields to rise.

. RTT NEWS

Asian shares mixed

Asian stocks ended mixed on Friday amid worries about the U.S. Federal Reserve’s tightening cycle

. CNBC

European markets nudge higher as investors assess interest rate path

European markets were modestly higher on Friday as investors continue to assess the trajectory of monetary policy after some tough statements from U.S. Federal Reserve officials

. REUTERS

Oil climbs as dollar slips, but demand outlook clouds market

Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp U.S. interest rate hikes

Gold bound for weekly decline on hawkish Fed cues

Gold prices edged up on Friday on a pullback in the dollar but were still bound for their first weekly decline in three

. THE FINANCIAL TIMES

Hunt fights off claims fiscal squeeze targets middle earners

New data indicate UK will endure longest period of wage stagnation for two centuries

. THE WALL STREET JOURNAL

FTX Didn’t Name Names in Related-Party Transactions

The lack of detail in financial statements echoes past scandals including Enron