|24 September, 2019

Tuesday outlook: Stocks edge higher, oil eases and gold firms

MSCI's broadest index of Asia-Pacific shares outside Japan moved up 0.06 percent

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2019.

REUTERS/Brendan McDermid
  • Stocks rise on US-China trade hope
  • Oil drops on gloomy demand outlook
  • Egypt’s EGX30 drops 1.5 percent
  • Dollar gains, gold firms

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

Stocks inch up on trade hopes but growth fears temper gains

Global shares ticked up on Tuesday after U.S. Treasury Secretary Steven Mnuchin said U.S.-China trade talks will resume next month, but lingering concerns about slowing global growth tempered the overall appetite for riskier assets…

Oil eases as global demand concerns return, overshadowing Saudi supply doubts

Oil prices eased in early Asian trade on Tuesday as weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand, though lingering uncertainty over Saudi supply disruption braked the drop…

Mideast Stocks: Egypt extends losses amid uncertainty over protests

Egyptian stocks closed lower on Monday, stretching last session's sharp fall following protests which broke out in several Egyptian cities over the weekend.

Dollar gains as dismal economic data hurts euro

The dollar rose against the euro on Monday after dismal manufacturing and services data elevated concerns about the state of the euro zone economy.

Gold steady below 2-week peak, trade talks optimism weighs

Gold prices were steady in early Asian trade on Tuesday, after rising to a more than two-week peak in the previous session on global slowdown fears and tensions in the Middle East, while an improved Sino-U.S. trade tone weighed on the yellow metal…


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