WORLD MARKETS

World Markets Daily News – In Brief – Friday 09/12/2022

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. THE SYDNEY MORNING HERALD

ASX closes up as Wall Street breaks losing streak

Australia’s sharemarket closed higher on Friday, led by material stocks which bounced back after a day in the red on Thursday.

. RTT NEWS

Asian shares mixed ahead of US inflation data

Asian stocks traded mixed on Friday as the latest data showed Chinese consumer and producer inflation eased further in November due to COVID-related disruptions.

. CNBC

European markets set to inch higher with China reopening, economic outlook in focus

European markets are set to nudge higher on Friday, tracking global sentiment as investors hope for a Chinese economic recovery as Covid-19 curbs are relaxed.

. REUTERS

Oil bounces near Dec 2021 lows after Keystone pipeline shutdown

Oil prices bounced on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but prices remained near December 2021 lows on concerns over slowing global demand growth.

Gold flat as traders await U.S. inflation data, Fed meet next week

Gold prices were flat on Friday, with cautious investors focusing on key U.S. inflation data and Federal Reserve’s rate hike decision due next week.

. THE FINANCIAL TIMES

UK funds set for first year of net outflows in over a decade

. THE WALL STREET JOURNAL

SEC Asks Public Companies to Detail Crypto Exposure

The regulator is asking public companies about their exposure to distressed crypto entities following the collapse of trading platform FTX and its affiliates.