Wednesday Outlook: Asian stocks edged higher; dollar, gold hold ground

Trump abruptly cancelled talks on economic stimulus heightening demand for safe-haven assets

  
Men walk past in front of an electric screen showing Japan's Nikkei share average outside a brokerage in Tokyo, Japan, August 5, 2019. Image used for illustrative purpose.

Men walk past in front of an electric screen showing Japan's Nikkei share average outside a brokerage in Tokyo, Japan, August 5, 2019. Image used for illustrative purpose.

REUTERS/Issei Kato

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Asian stocks inch up, defy U.S. stimulus gloom
MSCI's broadest index of Asia-Pacific shares outside Japan crept 0.2% higher to a fresh two-week peak

Dollar holds ground as U.S. stimulus delay weighs on sentiment
The dollar was last quoted at $1.1729 per euro, holding onto a 0.4% gain in the previous session

Gold hovers near one-week low after U.S. stimulus talks put on pause
Gold tends to benefit from widespread stimulus measures

Oil prices slide as Trump cancels aid talks, U.S. crude stocks expand
U.S. West Texas Intermediate crude oil futures fell 87 cents, or 2.1%, to $39.80 a barrel


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