Thursday Outlook: Oil prices rise; British pound gains on Brexit deal hopes

Thursday Outlook: Oil prices rise; British pound gains on Brexit deal hopes

Thursday Outlook: Oil prices rise; British pound gains on Brexit deal hopes Investors cheer news that Britain and the EU are on the cusp of striking a narrow trade deal    Flags of the Union Jack and European Union are seen ahead of the meeting of European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, in Brussels, Belgium December 9, 2020. Olivier Hoslet/Pool via REUTERS Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probeHopes for more fiscal spending and expectations that coronavirus vaccines will become more available next year also supported global equitiesOil rises on U.S. inventory draw, Brexit deal hopesU.S. West Texas Intermediate crude futures rose 18 cents, or 0.4%, to $48.30 a barrelSterling gains, dollar on back foot amid hopes Brexit deal imminentThe British pound strengthened 0.2% to $1.3525Gold steadies as soft U.S. jobs data offsets Trump stimulus threatGold has gained more than 23% this year, largely driven by its appeal as a hedge against inflation and currency debasement Gain a deeper understanding of financial markets with Eikon.Disclaimer: This article is provided for informational