|17 May, 2020

Sunday Outlook: U.S. stock market falls on plunging retail sales

Oil prices jump as demand shows signs of picking up

A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson

A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson

REUTERS/Lucas Jackson

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

U.S. stock market falls on plunging retail sales, China-U.S. tensions; oil up
Oil prices rose to their highest levels in more than a month

Oil prices jump as demand shows signs of picking up
Brent crude settled up $1.37, or 4.4% a barrel at $32.50

Dollar up, set for 0.5% weekly gain on fear of nagging economic slump
The euro was last 0.16% stronger against the dollar at $1.082

Gold firms to over 7-year high as U.S.-China tensions fuel economic worries
Silver was 4.3% higher $16.55

Mideast Stocks: Ease in restrictions boosts Dubai; lender FAB drags Abu Dhabi
El Sewedy posts sharp decline in Q1 profit


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