|20 October, 2019

Sunday outlook: Stocks, oil prices drop on slowing China growth

China's economic growth slowed to 6% year-on-year in the third quarter

A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018.

A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018.

Reuters/Simon Dawson

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Global Markets-Shares sapped by poor China growth, dollar gets weekly mauling
World stocks flatlined after China posted its weakest growth in nearly three decades on Friday, while the dollar headed for its worst week in almost four months having been pummelled by pound and euro Brexit rallies.

Oil falls as China economic concerns outweigh rising refinery runs
Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.

Mideast Stocks: Saudi shares end higher as banks jump; Dubai falls over 1%
Saudi Arabian shares closed higher for a second straight session on Thursday as banks rallied, while Dubai was dragged down by its top lender Emirates NBD.

Gold dips on profit-taking, trade uncertainties cap losses
Gold prices dipped on Friday as investors booked profit after the European Union forged a new Brexit deal with Britain, though a floor was kept under prices by uncertainties over trade negotiations and the global economy.

Gold prices held steady on Thursday as weak United States retail sales data fanned concerns that the country's economy may be feeling the pinch of the long-drawn trade war with China, while palladium held close to a record high hit the previous day.


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