Wednesday Outlook: Asian shares tumbles to two-month lows; oil prices rise

Markets await U.S. inflation report

  
Men wearing face masks are seen inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.Image used for illustrative purpose

Men wearing face masks are seen inside the Shanghai Stock Exchange building, as the country is hit by a novel coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020.Image used for illustrative purpose

REUTERS/Aly Song

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

Oil climbs on drop in U.S. oil stockpiles, solid demand outlook
Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday 

Fed rhetoric restrains dollar as traders eye inflation
Sterling hung on to recent gains to trade at $1.4118

Inflation anxiety jolts stocks, Asia tumbles to two-month lows
MSCI's broadest index of Asia-Pacific shares outside Japan slumped 1.5% 

Gold falls ahead of U.S. inflation data on firm yields, dollar
Spot gold was down 0.6% at $1,826.89 per ounce by 0313 GMT


 

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