WORLD MARKETS

World Markets Daily News – In Brief – 21/12/2022

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. THE SYDNEY MORNING HERALD

Miners lift ASX 1.3% higher as market enjoys early Christmas cheer

The Australian sharemarket held on to its gains to almost fully recover from yesterday’s six-week low, with energy and mining stocks leading the charge.

. RTT NEWS

Asian shares mixed as recession worries persist

Asian shares ended mixed on Wednesday as recession worries persisted, and China continued to grapple with a surge in the number of new COVID-19 cases.

. CNBC

European markets higher as investor sentiment brightens

European markets were in positive territory on Wednesday, reversing a negative trend seen in the previous trading session.

. REUTERS

Oil prices steady as drawdown in U.S. crude stocks counters China Covid concerns

Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising Covid-19 cases in top oil importer China

Gold eases off one-week high as dollar regains some ground

Gold prices inched lower on Wednesday from a one-week high hit in the previous session, as the dollar regained some ground, making greenback-priced bullion more expensive for overseas buyers

. THE FINANCIAL TIMES

UK public sector borrowing hits record November high

Energy support payments and higher debt interest pushes borrowing to £22bn last month

. THE WALL STREET JOURNAL

U.S. Stock Futures Rise Ahead of Consumer Data

Stock futures gained ahead of the release of consumer-confidence data for December and existing-home sales. The yield on the benchmark 10-year Treasury note rose for a fourth day.

. BLOOMBERG

Stocks rise with futures as 2022 limps to a close

European stocks advanced alongside US stock futures after the S&P 500 closed higher for the first time in four sessions, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade.

. MARKETWATCH

Tesla is now worth less than Exxon as stock plunges toward worst month, quarter and year in history

Elon Musk says he’ll step down as Twitter CEO when he finds ‘someone foolish enough to take the job’