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Asian share markets cautious, pound stumbles on Brexit drama

“Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions” writes Midwest Communications Inc for 95kqds.com. Financial markets have been whipsawed over this period as a steady increase in tit-for-tat tariffs have slowed global trade and raised the risk of recession for some countries.The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months.TOKYO (Reuters) – Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the European Union.Money managers cut their net long U.S. crude futures and options positions in the week to Oct. 15, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
Source: 95kqds.com

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