PHOTO
23 March 2017
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump's pro-growth agenda.
Major stock markets in the Middle East fell on Wednesday, following international bourses lower as crude oil prices traded down near $50 a barrel, but Kuwait jumped in heavy trading by local retail investors.
Gold prices on Thursday held below a 3-week peak hit in the prior session.
In the latest news, the downgrading of Turkey's outlook by ratings agency Moody's was a rushed and biased decision that came at a wrong time, Turkish Finance Minister Naci Agbal said on Wednesday.
Centrist Emmanuel Macron is projected to come out on top in the first round of France's presidential election next month ahead of far-right leader Marine Le Pen before going on to win in a runoff, a Harris Interactive poll showed on Thursday.Macron was seen winning 26 percent of the vote in the April 23 first round followed by Le Pen on 25 percent, according to the poll for France Televisions.
For access to market moving insight, subscribe to the Trading Middle East newsletter by clicking here.
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
Asian stocks, taking some cues from a steady Wall Street, edged up on Thursday while the path for the dollar, which crawled up from a four-month low, remained clouded by concerns about the prospects for U.S. President Donald Trump's pro-growth agenda.
Major stock markets in the Middle East fell on Wednesday, following international bourses lower as crude oil prices traded down near $50 a barrel, but Kuwait jumped in heavy trading by local retail investors.
Gold prices on Thursday held below a 3-week peak hit in the prior session.
In the latest news, the downgrading of Turkey's outlook by ratings agency Moody's was a rushed and biased decision that came at a wrong time, Turkish Finance Minister Naci Agbal said on Wednesday.
Centrist Emmanuel Macron is projected to come out on top in the first round of France's presidential election next month ahead of far-right leader Marine Le Pen before going on to win in a runoff, a Harris Interactive poll showed on Thursday.Macron was seen winning 26 percent of the vote in the April 23 first round followed by Le Pen on 25 percent, according to the poll for France Televisions.
For access to market moving insight, subscribe to the Trading Middle East newsletter by clicking here.
