markets in brief

World Markets Daily News – In Brief – Tuesday 22/11/2022

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. THE SYDNEY MORNING HERALD

ASX closes higher, bolstered by energy and lithium shares

The ASX brushed off Wall Street’s negative lead and resurgent investor jitters over China’s stringent COVID policies

. RTT NEWS

European Shares Rise In Cautious Trade; FTSE 100 Outperforms

European stocks traded mostly higher on Tuesday, with U.K. stocks outperforming as oil and mining stocks rebounded after suffering heavy losses in the previous session

. CNBC

Stocks open higher as Wall Street tries to shake off China Covid worries

Stocks rose Tuesday morning as Wall Street looked past China covid policies tightening and at a slew of earnings reports during a short week of trading for the Thanksgiving holiday

. REUTERS

Oil rises as Saudi comments outweigh recession concerns

Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market

Gold advances on dollar pullback; spotlight on Fed

Gold prices snapped a four-session slump to rise on Tuesday, propped up by a retreat in the dollar while investors awaited cues on the U.S. Federal Reserve’s monetary policy path

. THE FINANCIAL TIMES

UK’s growth prospects worst among top economies, warns OECD

Global body highlights bleak outlook for country and hits out at government’s energy support

. THE WALL STREET JOURNAL

FTX to Debut Biggest Crypto Chapter 11 in Court

FTX’s new management is expected to recount events leading up to the cryptocurrency platform’s sudden collapse