|30 September, 2019

Monday outlook: Oil prices rise, Asian shares flatten, gold drops

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 percent while China's Shanghai stock index slipped 0.2 percent

Image used for illustrative purpose. A pumpjack (oil derrick) and oil refinery in Seminole, West Texas.

Image used for illustrative purpose. A pumpjack (oil derrick) and oil refinery in Seminole, West Texas.

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  • Oil prices gain on Chinese data
  • Asian shares little changed
  • Egypt’s EGX30 gains 3.3 percent
  • Dollar steadies, gold drops

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Oil prices climb as positive China factory data eases demand concerns

Oil prices edged up on Monday after China's factories unexpectedly ramped up production in September, easing concerns about demand at the world's largest crude importer amid an ongoing trade war with the United States.

Asian shares mostly flat, Japan hurt by Sino-U.S. tensions

Asian stock markets, including China's, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.

Mideast Stocks: Egypt posts third winning session while other markets mixed

Egypt's stock market rose sharply on Sunday, extending gains for a third session following steep losses triggered by September 20 protests.

Dollar supported as fears of ramp up in Sino-US trade war ease

The dollar was supported on Monday in cautious trade as worries of an immediate widening of the Sino-U.S. trade war eased and markets awaited the latest Chinese manufacturing data for a glimpse into the health of the world's second-largest economy.

Gold prices dip as fears of widening trade war ease

Gold prices inched down in early trade on Monday as concerns over an escalation in the U.S.-China trade war eased, boosting the dollar.


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