Thursday Outlook: Asian stocks at record highs; dollar on back foot

Oil slips; gold off two-week high on profit booking

  
A TV reporter stands in front of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020.

A TV reporter stands in front of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020.

REUTERS/Kim Kyung-Hoon

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

Asian stocks at record highs as Biden inauguration lifts stimulus hopes
After record high closes on Wall Street overnight, markets in Asia reflected relief over an orderly transition of power

Gold off 2-week high as investors book profits
Spot gold fell 0.1% to $1,868.20 per ounce by 0110 GMT

Dollar on back foot as Biden optimism bolsters riskier currencies
Greenback and other traditional havens lag as stocks hit records

Oil slips on surprise rise in U.S. crude stocks
Brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel


 

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