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FINANCE Friday 13th May

PHNOM PENH:  The CSX Index is currently at 505.77 Points up 1.21 Points or 0.24%

 The Daily Exchange Rate: is 4,060 KHR to the USD$

World Shares Sink As Inflation, Economic Fears Persist.

World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy.

In Europe, economic worries were exacerbated by a German warning that Russia was now using energy supplies as a "weapon."

Europe's continent-wide STOXX 600 index was down 0.75%. MSCI's gauge of stocks across the globe (.MIWD00000PUS) was down 0.69%, as of 5:09 p.m. ET (2109 GMT).

That flagship global index is nearly 20% lower for the year.

The Dow Jones Industrial Average (.DJI) fell 103.81 points, or 0.33%, to 31,730.3, the S&P 500 (.SPX) lost 5.1 points, or 0.13%, to 3,930.08 and the Nasdaq Composite (.IXIC) added 6.73 points, or 0.06%, to 11,370.96.

The dollar index rose 0.711% after touching 104.92, its highest since Dec. 12, 2002. The euro was down 0.02% to $1.0377 after falling to 1.0352, its lowest since Jan. 3, 2017.

Oil prices settled mixed on supply fears due to the pending European Union ban on Russian oil. Brent crude fell 6 cents to settle at $107.45 a barrel. WTI crude rose 42 cents, or 0.4%, to settle at $106.13.

Asian shares trim weekly losses, dollar steady near 20-year highs.

Asian shares bounced on Friday, but were set for a second straight weekly loss and remained near June 2020 lows, while the dollar hovered near 20-year highs as investors digested worries about strong inflation and tightening central bank policy.

After sharp losses a day earlier, Asian shares rallied on Friday. European equities were also set for a firmer open, with pan-region Euro Stoxx 50 futures up 1.08%, German DAX futures up 0.93% and FTSE futures gaining 0.98%.

In afternoon trade, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up around 1.8% from Thursday's 22-month closing low, trimming its losses for the week to less than 3%.

Australian shares (.AXJO) gained 1.93%, while Japan's Nikkei stock index (.N225) jumped 2.64%.

In China, the blue-chip CSI300 index (.CSI300) was up 0.61% and Hong Kong's Hang Seng (.HSI) rose 2.22%.

Cryptocurrency bitcoin also turned higher, cracking through $30,000 after the collapse of TerraUSD, a so-called stablecoin, drove it to a 16-month low of around $25,400 on Thursday.

In commodities markets, oil prices were higher against the backdrop of a pending European Union ban on Russian oil, but were still set for their first weekly loss in three weeks, hit by concerns over inflation and China's COVID lockdowns slowing global growth.

U.S. crude ticked up 1.32% to $107.53 a barrel, and global benchmark Brent crude was up 1.6% at $109.17 per barrel.

Spot gold , which had been driven to a three-month low by the soaring dollar, was up 0.16 % at $1,824.61 per ounce.



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