|29 September, 2019

Sunday outlook: Oil prices, stocks drop, gold cuts losses

The world index closed down 0.41 percent, while on Wall Street the Dow Jones Industrial Average fell 73.28 points, or 0.27 percent, to 26,817.84

Recent gains in oil prices have begun to reverse ahead of a key OPEC meeting planned for Friday, June 22, 2018. Image used for illustrative purposes.

Recent gains in oil prices have begun to reverse ahead of a key OPEC meeting planned for Friday, June 22, 2018. Image used for illustrative purposes.

Getty Images/David McNew
  • Global markets retreat
  • Oil prices drop
  • Egypt’s EGX30 rises 1.9 percent
  • Gold cuts losses, dollar rises

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

Oil, shares fall on potential limit on China investments

Oil prices and a gauge of global equity markets fell on Friday on media reports that the administration of President Donald Trump may limit U.S. portfolio investments into China, a move that would mark an escalation of U.S.-Sino trade tensions.

Wall Street drops; White House considers delisting Chinese companies

U.S. stocks fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.

Mideast Stocks: Egypt extends gains; other markets subdued

Egyptian stocks on Thursday extended gains from the previous session offsetting some of its wide losses incurred in the first three sessions of the week following protests in several Egyptian cities.

U.S. net long dollars rise in latest week -CFTC, Reuters

Speculators increased their net long dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Gold cuts losses after reports say U.S. mulling delisting China stocks

Gold pared some losses on Friday, after falling more than 1%, as investors opted for the safety of the metal following reports the United States is considering delisting Chinese companies from U.S. stock exchanges.


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