|10 October, 2019

Thursday outlook: Oil drops, stocks recover, gold gains

MSCI's broadest index of Asia-Pacific shares outside Japan were flat while Japan's Nikkei gained 0.3 percent Shanghai shares also rose 0.35 percent

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2019.

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2019.

REUTERS/Andrew Kelly

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

Oil prices fall as hopes for U.S.-China trade progress wilt
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, the world's two largest oil users, are not expected to help end the trade war between them, adding to anxieties about the global economy.

Stocks recover but anxiety over trade talks lingers
Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short.

Mideast Stocks: Financials drag most of Gulf lower, Saudi underperforms
Most major Gulf markets traded in the red on Wednesday with weakness in banking shares weighing and Saudi Arabian stocks underperforming their regional peers.

Gold at one-week high as trade talk hopes fade
Gold prices scaled a one-week peak on Thursday as diminishing hopes of progress at the ongoing Sino-U.S. trade talks sent stock markets lower and prompted investors to seek bullion's safety.

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