|01 October, 2019

Tuesday outlook: Global markets, oil prices gain, gold drops

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.24 percent

Traders work on the floor at the New York Stock Exchange in New York, U.S., September 23, 2019.

Traders work on the floor at the New York Stock Exchange in New York, U.S., September 23, 2019.

Reuters/Brendan McDermidl
  • Asian shares rise on trade hopes
  • Oil prices rebound on lower US production
  • Middle East markets end mixed
  • Dollar gains, gold drops

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

Asian shares inch up, investors pin hopes on U.S.-China talks

Asian share prices ticked up on Tuesday as some investors clung to hopes that the fourth quarter will bring progress in resolving the United-States trade war that's cast a shadow over the global economy…

Oil prices rebound on lower output from U.S., Russia, OPEC

Oil prices rebounded in early Asian trade on Tuesday after production at the world's largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices…

Mideast Stocks: Banks dent Egyptian index as financials lift Saudi

Egypt's blue-chip index ended its three-day winning streak as declines in banking shares sent it into negative territory on Monday, while financial stocks bolstered the Saudi index…

Gold lingers near 2-month low, robust dollar weighs

Gold prices inched lower on Tuesday, hovering near the two-month low hit in the previous session, as uncertainties arising from the U.S.-China trade war bolstered the dollar…

Dollar gains before manufacturing data, euro crumbles on German inflation

The U.S. dollar traded near its highest in almost two weeks versus the yen before the release of data that is forecast to show the U.S. manufacturing sector returned to growth, which would ease concern about the impact of the ongoing Sino-U.S. trade war…

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