WORLD MARKETS

World Markets Daily News – In Brief – 19/12/2022

1376 views

. THE SYDNEY MORNING HERALD

ASX closes in red as recession fears keep market on edge

The ASX closed in negative territory as tough talk about interest rate hikes from central banks around the world continues to sour investor sentiment.

. RTT NEWS

Asian shares retreat on recession worries

Asian stocks fell broadly on Monday amid lingering worries over a possible recession and uncertainty over China’s economic reopening

. CNBC

European stocks marginally higher as investors assess interest rate outlook

European markets were cautiously higher on Monday, coming off a losing week as hawkish comments from major central banks signaled further monetary policy tightening in 2023.

. REUTERS

Oil climbs on optimism over China’s demand recovery

Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China’s reopening and oil demand recovery outweighed concerns of a global recession.

. THE FINANCIAL TIMES

European stocks tick up after two straight weekly falls

. THE WALL STREET JOURNAL

Stocks Set for Rebound; Dollar Resumes Slide

Stocks were on track for a modest rebound after recession fears weighed on investors last week.

. BLOOMBERG

Yen Traders’ Nerves Jangle on Growing Signs of BOJ Hawkish Pivot

The yen whipsawed in Monday trade after reports on a potential change to a key agreement between the government and central bank fueled speculation policy makers are moving closer to a hawkish pivot.

. MARKETWATCH

Stocks are tumbling because investors now fear recession more than inflation