Wednesday Outlook: Asian shares slip; oil falls over demand concerns; yen wallows

Wednesday Outlook: Asian shares slip; oil falls over demand concerns; yen wallows

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies. Asian shares slip as rising U.S. yields hit tech firms MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.8%, while Japan's Nikkei was little changed Oil falls as surging U.S. fuel stockpiles raise demand concerns The surging stockpiles, which exceeded analysts' expectations, undermined the bullish outlook from investors during the previous session Early Fed rate hike bets hold back gold as virus woes weigh Spot gold was little changed at $1,813.91 per ounce by 0133 GMT Yen wallows as Omicron fears subside and rate hikes loom The euro hovered near a two-week low against the dollar Mideast Stocks: Gulf markets buoyed by oil and global shares Saudi Arabia's benchmark index gained 0.4% Gain a deeper understanding of financial markets with Eikon . 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 2022