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Asian shares edged down early on Wednesday, dropping from record peaks.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.15 percent.
In the Middle East, Gulf bourses were mostly positive on Tuesday, tracking a rally in oil prices.
Saudi Arabia's index added 0.7 percent as petrochemical producer Saudi Kayan gained 3.4 percent in heavy trade.
Dubai's index closed 0.9 percent higher boosted by a 1.5 percent rise in Emaar Properties. Abu Dhabi's index added 0.3 percent.
Egypt fell 0.3 percent.
In commodities, oil prices started positively on Wednesday but slipped as the hours passed, giving away early gains.
Brent crude futures were at $69.07 a barrel at 0441 GMT. Brent prices had reached $70.37 a barrel on Monday.
U.S. West Texas Intermediate (WTI) crude futures were at $63.68 a barrel, down 5 cents from their last settlement.
In currency markets, the dollar fell to a three-year low against a basket of currencies on Wednesday. The dollar index against its peers was 0.27 percent lower.
Gold prices on Wednesday traded at $1,340.6 per ounce, near Monday’s four-month peak of $1,344.7.
In other news, Egypt's General Authority for Supply Commodities (GASC), said on Tuesday it had bought 295,000 tonnes of Russian wheat in an international purchasing tender.
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Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2018
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.15 percent.
In the Middle East, Gulf bourses were mostly positive on Tuesday, tracking a rally in oil prices.
Saudi Arabia's index added 0.7 percent as petrochemical producer Saudi Kayan gained 3.4 percent in heavy trade.
Dubai's index closed 0.9 percent higher boosted by a 1.5 percent rise in Emaar Properties. Abu Dhabi's index added 0.3 percent.
Egypt fell 0.3 percent.
In commodities, oil prices started positively on Wednesday but slipped as the hours passed, giving away early gains.
Brent crude futures were at $69.07 a barrel at 0441 GMT. Brent prices had reached $70.37 a barrel on Monday.
U.S. West Texas Intermediate (WTI) crude futures were at $63.68 a barrel, down 5 cents from their last settlement.
In currency markets, the dollar fell to a three-year low against a basket of currencies on Wednesday. The dollar index against its peers was 0.27 percent lower.
Gold prices on Wednesday traded at $1,340.6 per ounce, near Monday’s four-month peak of $1,344.7.
In other news, Egypt's General Authority for Supply Commodities (GASC), said on Tuesday it had bought 295,000 tonnes of Russian wheat in an international purchasing tender.
For access to market moving insight, subscribe to the Trading Middle East newsletter by clicking here
Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2018
