|15 October, 2019

Tuesday outlook: Oil drops, stocks gain, gold steadies

The focus is now on Europe where officials from Britain and the EU will meet at a make-or-break summit on Thursday

Image used for illustrative purpose. Chinese labourers work at the Lunnan oilfield on October 11, 2006 in Lunnan county, Xinjiang Uygur Autonomous Region, China.

Image used for illustrative purpose. Chinese labourers work at the Lunnan oilfield on October 11, 2006 in Lunnan county, Xinjiang Uygur Autonomous Region, China.

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Oil prices extend losses as weak China data compounds U.S.-China trade deal doubts
Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week.

Stocks rise on cautious Brexit deal hopes, oil extends losses
Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week.

Mideast Stocks: Deyaar's surge lifts Dubai, Air Arabia gains on prospect of planes order
Qatar's stock market rose sharply on Monday, helped by financial shares, while a surge in Deyaar Development buoyed the Dubai index, even as most Middle Eastern stocks were quiet.

Dollar loses steam vs yen as trade deal, Brexit hopes face reality check
The dollar hovered below 2-1/2-month highs against the yen on Tuesday, failing to extend recent gains as optimism over trade negotiations between the world's two largest economies and for an orderly British exit from the European Union started to fade.

Gold steady ahead of crucial Brexit talks
Gold prices held steady below the $1,500 per ounce level on Tuesday as markets braced for talks between Britain and the European Union that will determine how smooth Britain's departure will be from the trading bloc.


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