Thursday Outlook: Stocks rise, oil prices remain steady

U.S. Federal Reserve leave interest rates near zero to support virus-battered economy

  
Workers celebrate the during closing bell, as they prepare for the return to trading, on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020.

Workers celebrate the during closing bell, as they prepare for the return to trading, on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020.

REUTERS/Brendan McDermid

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

Dollar bogged down as investors turn to Congress for stimulus
Against a basket of currencies the dollar was pinned close to its lowest since mid-2018 at 93.344 

Asian stocks rise, dollar languishes near two-year lows on Fed
The MSCI's broadest index of Asia Pacific shares outside of Japan up 0.4%

Gold eases as risk appetite improves after Fed policy meeting
Spot gold was down 0.3% to $1,964.70 per ounce

Oil holds steady as virus concerns weigh on demand hopes
The most active Brent crude contract for October was up 4 cents or 0.1% at $44.13 a barrel 

Gain a deeper understanding of financial markets through Thomson Reuters Eikon. 

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