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

Oil rises 2% after reports of Iranian tanker attack
Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment.

Stocks off highs after trade deal announced; Brexit hopes boost pound
Stocks on Wall Street came off their highs in late trading after U.S. President Donald Trump announced a partial trade deal with China that could be signed within weeks, with the boost from New York enough to give stocks across the globe their largest daily gain in two months.

Mideast Stocks: Egyptian stocks gain after inflation data, Saudi extends losses
Egyptian blue-chip stocks rose on Thursday after data showed consumer price inflation dropping to its lowest level in almost seven years, while Saudi Arabia fell for a fourth straight session.

Dollar skids to 3-month low on Brexit, trade optimism
The dollar dropped to a three-month low on Friday, as safe-haven buying eased and risk sentiment improved on optimism about U.S.-China trade negotiations as well as increased chances for an orderly British exit from the European Union.

Precious-Gold slides as safe-haven demand dips on Brexit, Sino-U.S. trade hopes
Gold prices fell 1% on Friday, on track for a weekly loss, as optimism around the U.S.-China trade talks and the possibility of a Brexit deal diminished some save-haven interest in bullion, while palladium scaled a new record peak.


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