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The Day So Far
* Major equities across world slipped lower as fears propped whether the current trade truce between U.S and China would last long. Asian indices ticked down led by Japan’s Nikkei, which shed more than 2.00 percent. However, Chinese equities managed to close with marginal gains. European markets continued its slippage in today’s session also after yesterday’s gap up opening.
* Bullion flexed its muscles as dollar lost balance against the basket of currencies. Gold spot and silver spot shored up around a percent in international platform.
* Crude oil prices continued gains on hope that oil cartel OPEC may announce supply cuts in the upcoming meeting and on Canada’s plan to cut output. Also supported by the U.S-China trade development and soft dollar. Both WTI and Brent Crude jacked up more than 2.50 percent in global markets.
* Base metals in London Metal Exchange were largely influenced by buyers on U.S-China trade war relief. Nickel and Zinc are the top gainers by marking a gain more than a percent. Meanwhile, rest of the metals were inched higher less than half a percent.
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