WORLD MARKETS

World Markets Daily News – In Brief – Friday 02/12/2022

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. THE SYDNEY MORNING HERALD

ASX dips as investors take some profits off the table

The ASX closed in negative territory following an uneven trading session on Wall Street despite good news from China triggering a strong session for commodity stocks

. RTT NEWS

Asian shares decline on growth worries

Asian stocks fell on Friday as optimism about slower Fed rate hikes faded and recession worries took center stage

. CNBC

European markets open lower as investors await U.S. payrolls data

European markets opened lower on Friday as investors closely monitored news from China over its zero-Covid policy and looked ahead to U.S. non-farm payrolls data

. REUTERS

Oil prices dip as dollar strengthens, remain on track for weekly rise

Oil prices edged lower in early Asian trade on Friday as the U.S. dollar pared some losses, while easing Covid-19 curbs in two Chinese cities limited losses

Gold flat; set for best week in three on smaller rate-hike bets

Gold prices were flat on Friday but set for their best week in three ahead of the U.S. jobs report, helped by the dollar’s retreat on expectations that the U.S. Federal Reserve will slow the pace of interest rate hikes

. THE FINANCIAL TIMES

Blackstone limits withdrawals at $125bn property fund as investors rush to exit

Private equity group sells stakes in Las Vegas casinos

. THE WALL STREET JOURNAL

Jobs Report to Give Update on Labor Market’s Tightness

The job market has remained resilient this year, with employers still seeking to hire despite an uncertain economic outlook.

. BAHA

US lower in premarket ahead of jobs data

Equities in the United States traded lower in the premarket on Friday in anticipation of the newest update on the country’s nonfarm payrolls