• Oil prices rebound
  • Asian shares retreat
  • Egypt’s EGX30 gains 1.7 percent
  • Dollar drops, gold edges higher

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

Oil recovers ground after U.S. data shows crude stock build

Oil rebounded from several days of declining values after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.

Global shares at 1-month low on U.S. manufacturing shock

Global shares retreated to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade-low, sparking worries that the fallout from the U.S.-China trade war is starting to spread to the U.S. economy.

Mideast Stocks: Financials lead Egypt higher as banks weigh on Saudi

A rebound in financial shares boosted Egypt's blue-chip stock index on Tuesday, a day after it took a breather to snap three straight days of gains, while Saudi Arabia reversed early gains as most of its banks declined.

Dollar pinned down after decade-low U.S. manufacturing data

Worries about a slowing U.S. economy and the possibility of further interest rate cuts in the wake of weak U.S. manufacturing data kept the dollar pinned down on Wednesday, as investors sought safety elsewhere.

Gold inches up as weak U.S. data reinforces economic slowdown fears

Gold prices inched up on Wednesday, after rising as much as 1% in the previous session, as dismal U.S. manufacturing data fanned fears of a sharp global economic slowdown and stoked bets of further interest rate cuts.


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