WORLD MARKETS

World Markets Daily News – In Brief – Tuesday 06/12/2022

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. THE SYDNEY MORNING HERALD

ASX plummets after RBA’s pre-Christmas rate hike

The ASX closed firmly in the red as investors reacted to hawkish comments from RBA governor Philip Lowe following the central bank’s decision to raise the cash rate yet again.

. RTT NEWS

Asian markets track Wall Street lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight

. CNBC

European markets muted as global sentiment remains subdued

European markets were flat on Tuesday, with global sentiment subdued this week.

. REUTERS

Oil prices rise after price cap on Russian crude, OPEC+ meeting

Oil prices edged higher on Tuesday, after a G-7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea.

Gold regains some ground as dollar dips

Gold prices edged up on Tuesday, helped by a slight pullback in the U.S. dollar, which makes the greenback-priced bullion less expensive for buyers holding other currencies.

. THE FINANCIAL TIMES

UK finalises plans for regulation of ‘wild west’ crypto sector

Implosion of FTX injects fresh urgency into government’s pledge to impose order

. THE WALL STREET JOURNAL

FTX Effort to Save Itself Failed on Questionable Assets

The assets, which consisted largely of four thinly traded crypto tokens, likely were worth less than the $6.4 billion FTX was claiming.