Friday, August 19, 2016

Asia: Stocks cautious but oil price holds above US$50

Asia stocks markets moved cautiously in early trade on Friday despite a positive lead from Wall Street and further overnight gains in the price of oil.

US and European markets ticked up overnight, supported by a dovish outlook for US interest rates and some healthy post-Brexit data in Britain.

The oil price has also continued its upward trend, with Brent crude holding above US$50 a barrel on official data showing lower US crude stockpiles and hints of a possible production freeze.

But traders treaded carefully Friday morning, with Asian markets moving in and out of positive territory.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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