3Q Losses Still Deep, although Better US Confidence Lifted Equites in Late Trade

Hinging on encouraging US economic data, crude oil prices rebounded almost +2% on Tuesday. The front month contract for WTI crude oil initially rose to 45.7 before settling at 45.23, up +1.8%, while the Brent contract added 1.8% for the day. Gold weakened for the third consecutive day with the benchmark Comex contract sliding -0.43%.

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3Q Losses Still Deep, although Better US Confidence Lifted Equites in Late Trade