. THE SYDNEY MORNING HERALD
Miners, energy stocks lift ASX as China drops zero-COVID
The Australian sharemarket has started the week in the green despite a mixed session on Wall Street as investors gear up for RBA’s next move.
. RTT NEWS
Asia markets are mostly higher
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain optimistic that the US Fed will slow the pace of interest rate hikes as early as next month
European markets muted as investors gauge China’s Covid relaxation, oil moves
European markets were slightly lower on Monday, bucking a positive trend in Asia-Pacific markets overnight, where shares rose on Monday as China relaxed Covid testing rules in some cities and signaled more easing may come.
Oil prices climbs after OPEC+ keeps output cut targets, China eases
Oil prices jumped 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
Gold prices inch higher on softer dollar
Gold prices edged up on Monday and hovered near the key $1,800-level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies
. THE FINANCIAL TIMES
Europe cuts gas demand by a quarter to shed reliance on Russia
Countries have been finding alternative sources and making changes to curb demand
. THE WALL STREET JOURNAL
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
OPEC+ agreed to stick to its oil output targets two days after the Group of Seven nations decided to set a price cap on Russian oil, delegates said.