Powell revives risk appetite ahead of G20 summit, Oil slips to yearly low

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Global equity bulls were instilled with a renewed sense of inspiration on Thursday after dovish remarks from Federal Reserve Chair Jerome Powell boosted risk appetite.

Asian stocks closed mostly higher amid the positive market mood with European shares currently taking their cue from the rally in Asia. Powell’s surprise dovish comments are likely to offer investors a short-term distraction ahead of the highly anticipated G20 summit. However, overall market sentiment continues to hang on the outcome of trade talks between President Trump and his Chinese counterpart President Xi.

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