Wednesday Outlook: Asian shares bounce from year low; oil climbs ahead of OPEC meeting

Uncertainty over impact of the Omicron coronavirus variant keeps investors on edge

  
Pedestrians are reflected in an electronic stock board outside a security firm on August 26, 2019 in Tokyo, Japan.

Pedestrians are reflected in an electronic stock board outside a security firm on August 26, 2019 in Tokyo, Japan.

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

Asian shares bounce from year low but Omicron, Fed in focus
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%

Oil climbs over 2% ahead of OPEC meeting amid Omicron concerns
Brent crude futures rose $1.90, or 2.7%, to $71.13 a barrel 

China's yuan strikes six-month high vs dollar
In spot market, the onshore yuan opened at 6.3700 per dollar and quickly jumped to a high of 6.3596 

Gold hovers near 1-month low on Fed chair's hawkish comments
Spot gold rose 0.1% to $1,775.85 per ounce


 

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