Thursday Outlook: Asian shares jump as Fed chair eases concerns; oil prices rise

Dollar hits fresh three-year lows against commodity-linked currencies

  
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 shares jump after Powell nixes rate hike fears
MSCI's ex-Japan Asia-Pacific shares index rose 1.0%

Dollar hits fresh three-year lows against commodity-linked currencies
The dollar index against a basket of six major currencies was at 90.058, down 0.07% on the day

Oil rises after data shows slump in U.S. output amid Texas freeze
Brent crude futures rose $1.67, or 2.6%, to settle at $67.04 a barrel

Gold eases as firmer U.S. Treasury yields weigh
Spot gold fell 0.3% to $1,798.71 per ounce


 

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