26.10. Oil prices temporary decline, dollar rises, property sector in China worries investors

News for today, October 26th:

Asian stocks were mostly higher on Tuesday after Wall Street closed at new record levels on Monday. However, new concerns about China's property sector have weighed on investor sentiment. China property stocks increased their losses in the afternoon sessions as the developer Modern Land defaulted on a payment, fueling fears of the growing impact of the debt crisis at China Evergrande Group.

The U.S. dollar rose on Tuesday, recovering from a monthly low, although gains were small ahead of key economic data and the Federal Reserve Board meeting next week. U.S. dollar fell at the end of last week after Jerome Powell, the chairman of the Federal Reserve System, said that it was early to start raising interest rates in the United States.

Oil prices fell on Tuesday after rising earlier in the day, but experts suggest that prices would continue to increase, driven by strong demand in the United States, the world's largest consumer of oil and petroleum products. While China's hot electricity and coal market has cooled somewhat after the government intervention, energy prices remain high around the globe as temperatures drop with the onset of winter in the northern hemisphere.

The price of Brent crude is $ 85,88 per barrel, WTI — $ 83,59. EUR/USD is at 1.1611, GBP/USD — 1.3779, gold is at $ 1,802.87 per ounce.­­­­