Thursday Outlook: Stocks run out of steam, dollar drops, oil demand shrinks

Gold falls on cash run, markets await U.S. stimulus

  
Flames emerge from flare stacks at Nahr Bin Umar oil field, as a man is seen wearing a protective face mask, following the outbreak of the coronavirus, north of Basra, Iraq March 9, 2020.

Flames emerge from flare stacks at Nahr Bin Umar oil field, as a man is seen wearing a protective face mask, following the outbreak of the coronavirus, north of Basra, Iraq March 9, 2020.

REUTERS/Essam Al-Sudani

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Stocks run out of steam on U.S. job jitters, yen gains
U.S. stimulus bill awaited, jobless figures dreaded

Gold falls on cash run, markets await U.S. stimulus
Spot gold fell 0.6% to $1,604.16 per ounce by 0038 GMT

Oil prices mixed as demand shrinks, but stimulus hopes support
Products supplied, a proxy for U.S. demand, dropped nearly 10% to 19.4 million bpd

Dollar drops as U.S. stimulus bill boosts risk-taking
Investors are likely reducing dollar exposure ahead of Thursday’s jobless claims data

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