|12 February, 2020

Wednesday Outlook: Stocks surge; oil rises, gold ebbs as new virus cases slow 

Dollar hits highest since October

An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

REUTERS/Mohamed Abd El Ghany.

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

Stocks surge to record highs on hopes virus is peaking, gold ebbs
Dollar at four-month high over euro on US economy performance

Oil prices rise as new virus cases slow, easing Chinese demand concerns
Bans on travel to and from China and on the movement of goods inside the country have cut fuel usage

Dollar hits highest since October as investors seek higher yields
Coronavirus concerns maintain safety bid for greenback

Gold flat as risk sentiment improves on slowing virus threat    
Spot gold was flat at $1,567.62 per ounce by 0051 GMT


Gain a deeper understanding of financial markets through Thomson Reuters Eikon

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 2020

More From Markets