|18 November, 2019

Monday Outlook: Saudi Aramco sets valuation; Oil prices flat with markets on hold  

Investors await fresh clues over prospects for trade deal between US and China

A sign of Saudi Aramco's initial public offering (IPO) is seen before the start of a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.

A sign of Saudi Aramco's initial public offering (IPO) is seen before the start of a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.

REUTERS/Hamad I Mohammed

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Saudi Aramco IPO set to value company up to $1.7trln
Aramco said on Sunday it plans to sell 1.5% of its shares or about 3 billion shares

Asia shares tick higher as China cuts repo rate
Helps Asia share markets reverse early losses

Oil prices flat with markets on hold for progress in U.S.-China trade talks
China and United States had "constructive talks" on trade in a high-level phone call on Saturday

Gold inches lower on cautious optimism over U.S.-China trade
Spot gold inched down 0.1% to $1,465.62 per ounce

Currencies off to cautious start, China-U.S. trade deal in focus
Major currencies little changed in early Asian trade

Mideast Stocks: FAB drags down Abu Dhabi; other markets steady
Dubai's index edged up 0.1%, led by a 4.7% leap in Emirates NBD


 

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