Tuesday Outlook: Asian markets grapple with Evergrande fallout; oil extends rally

Goldman expects oil to hit $90 by year end; gold prices dip  

  
Investors look at computer screens showing stock information at a brokerage house in Shanghai, China May 6, 2019.

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China May 6, 2019.

REUTERS/Aly Song

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

Asian markets grapple with Evergrande fallout, eye China power crunch
China's blue chip index edged up 0.1% at the open, as Hong Kong's Hang Seng Index gained 0.44%

Oil extends rally into 6th day on tight supply, Brent hitting 3-yr high
Goldman expects oil to hit $90 by year-end as supply tightens

Yen weakens to 111 per dollar as U.S. Treasury yields soar
U.S. yields have been pulled higher by a hawkish shift at the Federal Reserve

Gold prices dip on rising dollar, bond yields
Spot gold fell 0.1% to $1,748.01 per ounce


 

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