|22 October, 2019

Tuesday outlook: Asian shares, oil prices gain, gold eases

China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said

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 hopes for best in trade talks, Brexit vote
Asian share markets made guarded gains on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit for the UK.

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap
Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand.

Mideast Stocks: Banks lead Saudi lower, most other Gulf markets dip
Saudi Arabia's stock market retreated on Monday, snapping a three-day winning streak and hurt by falls in banking shares, while other major Gulf markets mostly ended lower.

Gold eases as trade-deal hopes lift risk mood
Gold prices eased on Tuesday as reports that trade talks between Washington and Beijing were making progress cheered markets, but a dearth of concrete signs kept investors on the edge.


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