|23 October, 2019

Wednesday outlook: Asian shares, oil prices drop, gold steadies

Inventory data from the U.S. Energy Information Administration is due later on Wednesday

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Getty Images

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

Asia shares slip on Brexit snag, Texas Instruments' revenue woes
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.

Oil falls on U.S. stockbuild; deeper output cut prospects give support
Oil fell on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline.

Mideast Stocks: Saudi outperforms on Q3 results, Dubai ends losing streak
Saudi Arabia's stock market rose sharply on Tuesday, outperforming other regional markets on the back of strong corporate earnings, while Dubai rebounded through gains in financials and property shares.

Gold bides time as traders await clarity on Brexit
Gold prices were steady on Wednesday, as investors waited for clarity on Brexit confusion after UK lawmakers voted for Prime Minister Boris Johnson's divorce plan but opposed his tight timetable to complete the legislative process in three days.


Gain a deeper understanding of financial markets through Thomson Reuters Eikon

Our Standards: The Thomson Reuters Trust Principles

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2019

More From Equities