|08 October, 2019

Tuesday outlook: Oil prices, Asian share rise, gold drops

Investors are treading cautiously before U.S.-China trade discussions that will take place in Washington on Thursday, although expectations are low for a comprehensive deal that will end a trade war between the world's top economies

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Image used for illustrative purpose.

REUTERS/Christian Hartmann

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

Oil rises, buoyed by gains in industrial commodities

Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.

Asian shares inch up in cautious mood over trade, lira stumbles

Asian shares inched up in early trade on Tuesday, with investors cautious ahead of tense U.S.-China trade talks while the Turkish lira slipped over concerns about Ankara's planned incursion in northern Syria.

Dollar steadies as markets hit holding pattern, eyeing U.S-China trade talks

The dollar found support on Tuesday while investors waited for an outcome from Sino-U.S. trade talks in Washington, with caution the catchcry as neither side showed any signs of giving ground at the negotiations.

Gold edges lower as dollar strengthens ahead of trade talks

Gold prices slipped for a third straight session on Tuesday, pressured by a stronger dollar and an uptick in equities ahead of upcoming U.S.-China trade talks in Washington.

(gerard.aoun@refinitiv.com)


Gain a deeper understanding of financial markets through Thomson Reuters Eikon

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

More From Equities