|21 October, 2019

Monday outlook: Asian shares rise, oil drops, gold steadies

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.19 percent.

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

REUTERS/Christian Hartmann

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Asian shares edge higher, pound stumbles on Brexit drama
Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment inflows into Hong Kong.

Oil prices dip on weak demand outlook, supply concerns
Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month.

Mideast Stocks- Banks boost Saudi index; other Gulf markets down
Saudi Arabia's stock market rose sharply on Sunday, lifted by cheaper valuations and a delay in Aramco's IPO, while other major Gulf markets were mostly weighed down by shares of financial institutions.

Gold holds steady above $1,490 on Brexit uncertainties
Gold prices held ground above $1,490 an ounce in early Asian trade on Monday as uncertainties swirled over Brexit delay, though a firmer dollar weighed on the safe-haven metal.


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