Wednesday Outlook: Asian shares drop; oil climbs on U.S. fuel drawdowns

Investors await U.S. Federal Reserve's meeting for hints on policy tapering plans

  
A 3D printed oil pump jack is seen in front of displayed stock graph and "Oil Stocks" words in this illustration picture, April 14, 2020.

A 3D printed oil pump jack is seen in front of displayed stock graph and "Oil Stocks" words in this illustration picture, April 14, 2020.

REUTERS/Dado Ruvic/Illustration

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

Asia shares sit at 2021 lows ahead of Fed verdict
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35%

Oil rises on U.S. fuel drawdowns despite surging coronavirus cases
Brent crude futures rose 38 cents, or 0.5%, to $74.86 a barrel

China jitters lift haven currencies; dollar awaits Fed
The Japanese yen rose about 0.5% on the dollar overnight to touch a one-week high

Gold pinned near key $1,800 level ahead of Fed policy decision
Spot gold was flat at $1,798.75 per ounce


 

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