World markets a mixed bag as oil stabilises but Middle East is tense
Saudi says it will restore supply by the end of September, as markets leery of ongoing US-China trade war and ahead of US Fed meeting
18 September 2019 - 11:42
London — Oil prices steadied on Wednesday as Middle East events kept investors nervous, while caution ahead of an expected US interest rate cut kept wider financial markets in tight ranges.
European stocks were subdued, with luxury stocks one of the few sectors seeing activity. Swiss luxury goods group Richemont fell nearly 5%, weighing the most on the pan-European Stoxx 600 index, while Swatch declined 2.4% after a bearish note by UBS...
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