World Markets Daily News – In Brief – 03/01/2023




The ASX started the New Year in the red as traders returned to their desks after a long holiday weekend. The benchmark S&P/ASX 200 dropping o1.31% to 6,946.20, with all sectors trading lower.


Asian stocks turned in a mixed performance on Tuesday as a slump in Chinese factory activity soured the mood of investors. China’s Shanghai Composite closed up 0.88% to 3,116.51 while Hong Kong’s Hang Seng index rose 1.84% to 20,145.29. Japanese and New Zealand markets were closed for holidays.


Major European stock indices were higher in early afternoon trading, after opening on a weak note, following the release of Germany’s unemployment figures. The U.K.’s FTSE 100 advanced 1.5%, while Germany’s DAX index gained 0.7% and France’s CAC 40 rose 0.5%.


Stock futures rose Tuesday as Wall Street tried to start the new year on a strong note. Traders also braced themselves for a plethora of economic data reports this week, with the most prominent being the Job Openings and Labor Turnover Survey (JOLTS). As of 7.05 am ET, the Dow futures were up 82.00 points, the S&P 500 futures were adding 9.25 points and the Nasdaq 100 futures were progressing 39.00 points.



Oil prices edged lower on Tuesday in volatile trade. Brent crude futures fell $1.12, or 1.3%, to $84.79 a barrel. U.S. West Texas Intermediate crude was down $1.04, or 1.3%, at $79.22, according to Reuters.


The price of gold notched a six-month high early on Tuesday. Spot gold peaked just below $1,850 per troy ounce in the early hours, before easing off to trade around $1,834 per ounce by late-morning in Europe. U.S. gold futures were up 0.8% at $1,840.50, according to Reuters.


The Japanese yen climbed to more than a 7-month high of 129.50 against the US dollar in the Asian session on Tuesday, on hopes that the Bank of Japan will alter its easy policy in 2023. The yen also appreciated to more than 3-month highs of 155.84 against the pound and 137.99 against the euro.

To get in touch with our editorial team, send a press release,

email us at: editorial [at]

To advertise on our platforms, you can use this form,

email us at: advertise [at]

or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)

Visit our other websites:

•  •