|06 October, 2019

Sunday outlook: Oil prices, global markets gain

Bond yields were little changed, suggesting that investors remain concerned about the US economy

Image used for illustrative purpose. An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. Picture taken March 11, 2019.

Image used for illustrative purpose. An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. Picture taken March 11, 2019.

REUTERS/Vasily Fedosenko/Illustration

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Oil settles up as U.S. unemployment rate drops, but crude ends week down 5%

Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline.

Global Markets-Easing concerns about U.S. economy lift equity markets

Modest job growth in the United States buoyed world stock markets broadly on Friday, helping calm markets after one of the worst weeks for equities in months.

Mideast Stocks: Blue-chip sell-off dents Egypt, most major Gulf markets fall

The Egyptian blue-chip index fell sharply on Thursday, pressured by banks amid weak global sentiment, while most major Gulf markets ended lower on falling oil prices.

Dollar edges lower as U.S. jobs-inspired rally fizzles

The dollar inched lower on Friday, giving up gains fueled by a generally solid U.S. jobs report that slightly underperformed expectations, as investors worried about political risk in the United States and ongoing trade talks with China.

Gold gains on global growth fears, eyes on U.S. jobs data

Gold rose on Friday on growing fears of a global economic slowdown and rising expectations of more U.S. interest rate cuts, with investors now looking for cues from U.S. jobs data.

(gerard.aoun@refinitiv.com)


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