Thursday Outlook: Asian shares hold firm; oil prices drop

U.S. Fed Reserve Chair Powell signals "powerful support" for economic recovery

  
A photographer takes photo of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. Image used for illustrative purpose

A photographer takes photo of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. Image used for illustrative purpose

REUTERS/Kim Kyung-Hoon

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

Asian shares find support as Powell shrugs off inflation
MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade while Japan's Nikkei dropped 0.4%

Oil falls 1% on prospect of more supplies
Brent crude futures for September dropped 91 cents, or 1.2%, to $73.85 a barrel

Gold prices hover near four-week peak on dovish Fed stance
Spot gold was steady at $1,824.81 per ounce

Dollar regroups after Powell push
Sterling slipped below its 20-day moving average to $1.3840


 

Gain a deeper understanding of financial markets with Eikon.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021

More From Equities