WORLD MARKETS

World Markets Daily News – In Brief – Wednesday 30/11/2022

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. THE SYDNEY MORNING HERALD

ASX hits new 100-day high, led by miners, on inflation reprieve

The Australian sharemarket closed 0.4 per cent higher on Wednesday after ABS data showed inflation came in lower than expected last month, sparking hopes for interest rates.

. RTT NEWS

Asian Shares Mostly Higher Despite Weak Chinese Data

Asian stocks ended Wednesday’s session broadly higher despite weak data from China

. CNBC

European markets close higher after euro zone inflation data; Stoxx 600 up 6% for the month

European markets closed higher on Wednesday to finish a strong month, as regional investors reacted to the latest inflation data from the euro zone in November.

. REUTERS

Oil up over 2% on tighter supply while OPEC+ talks limit gains

Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

Gold pares gains as U.S. yields climb; focus on Powell speech

Gold prices pared gains on Wednesday due to an uptick in the U.S. bond yields ahead a much awaited speech from Federal Reserve Chair Jerome Powell, although a weaker dollar kept bullion on track for its best month since May 2021

. THE FINANCIAL TIMES

Global equities on course for first back-to-back monthly gains since 2021

. THE WALL STREET JOURNAL

Stocks Waver, Oil Prices Rise Ahead of Powell Speech

U.S. stocks were mixed, while the dollar fell, as investors awaited comments by Fed Chairman Jerome Powell and watched unrest in China.

. NIKKEI ASIA

Singapore’s Temasek to review FTX crypto deal after $275m hit

Singapore on Wednesday acknowledged that its state investment arm Temasek suffered “reputational damage” after a failed bet on FTX, one of the world’s largest cryptocurrency exchanges.