Gold edged higher after a dramatic session that saw it surge to a record on US rate-cut speculation before reversing those gains to close down more than 2%.
Cryptocurrency mining hardware retailer Phoenix Group Plc soared as much as 50% on its Abu Dhabi debut after an initial public offering that raised 1.36 billion dirhams ($371 million).
Oil steadied after a three-day loss as Saudi Arabia said recent cuts by OPEC+ would be honored in full and could be extended, pushing back against persistent skepticism over the curbs’ effectiveness.
Two meetings of China’s top officials this month will be scrutinized by analysts and investors for signs the world’s second-largest economy is set to be more aggressive with its growth goal for 2024.
Adani Green Energy Ltd. raised funding of $1.36 billion for a massive renewable energy project as the eponymous Indian conglomerate owned by billionaire Gautam Adani continues to regain lender confidence following a brutal short-seller attack earlier this year.
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