|16 February, 2020

Sunday Outlook: Stocks edge up with positive chipmaker forecast, oil gains for the week

Euro rebounds as U.S. stocks drop

A trader points to a stock chart on the floor of the New York Stock Exchange shortly before the closing bell in New York July 2, 2014.

A trader points to a stock chart on the floor of the New York Stock Exchange shortly before the closing bell in New York July 2, 2014.

REUTERS/Lucas Jackson

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

Stocks edge up with positive chipmaker forecast, oil gains for the week
Oil prices registered their first weekly gain since early January

Oil rises over 1% on hopes demand will rebound from coronavirus effect
Brent crude rose 98 cents, or 1.74%, to settle at $57.32 a barrel

Euro rebounds as U.S. stocks drop, growth concerns remain
The euro fell to $1.0826, the lowest since May 2017

Gold poised for a weekly gain as virus fears lift safe-haven demand
Silver rose 0.7% to $17.75 , while platinum fell 0.3% to $964.53


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