WORLD MARKETS

World Markets Daily News – In Brief – Friday 25/11/2022

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. THE SYDNEY MORNING HERALD

ASX rounds out the week with solid gains

Banks and retailers showed strength as festive sales kicked off across the country

. CNBC

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years

Shares in the Asia-Pacific were mostly lower as markets in the U.S. were closed for the Thanksgiving holiday and slated to end its session early on Friday.

. RTT NEWS

European Shares Mixed As Euro Extends Gains On Hawkish ECB Comments

European stocks traded mixed on Friday, a day after the minutes of the European Central Bank meeting struck a hawkish tone indicating that rates would need to rise further to curb inflation

. REUTERS

Oil prices rise, but Chinese demand worries linger

Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil

Gold subdued on dollar advance; eyes modest weekly gain

Gold prices eased on Friday as the U.S. dollar regained some ground, but expectations of less aggressive interest rate hikes from the Federal Reserve set bullion up for a small weekly gain.

. THE FINANCIAL TIMES

European stocks slip on eurozone rate rise fears

. THE WALL STREET JOURNAL

Stocks edge lower, oil prices gain

Stocks wobbled in early trading on Black Friday, a session likely to be subdued. U.S. stock and bond markets will close early.