|14 October, 2019

Monday outlook: Global markets, oil prices rise, gold drops

The progress on trade was still enough to slug safe-haven bonds with yields on U.S. 10-year Treasury notes climbing 23 basis points last week to stand at 1.74 percent

Image used for illustrative purpose. The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019.

Image used for illustrative purpose. The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019.

REUTERS/Christian Hartmann

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Asia shares cheered by Sino-.U.S. trade progress
Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.

Oil prices edge up, supported by Iran ship attack, U.S.-China trade detente
Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.-China trade war buoyed market sentiment.

Mideast Stocks: Saudi stocks fall as most of Gulf markets rise
Saudi Arabian stocks fell on Sunday led by banks, while most Gulf markets gained, mirroring Friday's surge in global peers after talks between the United States and China progressed towards a resolution of their trade war.

Dollar holds near 2-1/2-mth yen high on U.S.-China partial deal, pound stands tall
The dollar held near a 2 1/2-month high against the yen on Monday after Washington and Beijing announced progress towards a trade deal, while sterling hovered near a three-month peak on hopes for an orderly British exit from the European Union.

Gold dips as stock markets cheer U.S.-China trade optimism
Gold prices eased on Monday, extending falls for a third session as optimism surrounding U.S.-China trade talks increased risk appetite, while a slight uptick in dollar also weighed on prices.


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