- Asian shares retreat on trade fears
- Oil prices reverse early day losses
- Most Middle East markets drop
- Dollar drops, gold rises
Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.
Asian stocks slide as US tariffs on EU fan growth worries
Asian stocks skidded to a one-month low on Thursday after the United States opened a new front in its trade dispute with Europe by imposing tariffs, adding to already-growing market fears about global growth.
Oil steadies in rebound after jitters over economic outlook, U.S. inventories
Oil futures rebounded on Thursday, reversing losses earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session gave way to modest hopes for progress in resolving the U.S.-China trade war.
Mideast Stocks: Dubai leads losses as Gulf tracks decline in global markets
Middle East stocks fell on Wednesday, mirroring a decline in global shares, with Dubai particularly hard hit as property companies declined sharply.
Dollar languishes as weak U.S. jobs data sparks safety flight
The dollar nursed losses on Thursday, hitting near one-week lows against the euro and yen, amid signs of a slowdown in U.S. economic growth and a deepening of global trade tensions.
Gold rises as weak U.S. data fuels global slowdown worries
Gold prices extended their gains on Thursday as weaker-than-expected U.S. jobs data reinforced global economic slowdown fears and raised expectations of further monetary policy easing by the U.S. Federal Reserve.
Reporting by Gerard Aoun; Editing by Mily Chakrabarty)
Our Standards: The Thomson Reuters Trust Principles
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 2019