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Saudi, Kuwait, Egypt retreat; Aramex supports Dubai

  DUBAI / Reuters Middle Eastern equity markets diverged on Monday, with last week’s top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai. The Saudi Arabian index fell 0.7 percent, snapping seven consecutive sessions of gains. Twelve of the 14 listed petrochemical producers pulled back as Brent oil futures fell near $55 ...

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US stocks fall, bonds rise as Trump in focus

  Bloomberg US stocks fell the most since the presidential election, while Treasuries advanced with gold as Donald Trump’s order on immigration raised concern that he may follow through with isolationist policies touted on the campaign trail, overshadowing a pro-growth agenda. The Dow Jones Industrial Average tumbled more than 200 points, retreating below 20,000 after closing at records last week. ...

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UniCredit drops on ECB concerns over bank’s credit quality

  Bloomberg UniCredit SpA dropped in Milan trading after it said the European Central Bank had demanded an improved plan for dealing with bad loans by the end of February. The bank’s strategy for shoring up its finances may not adequately address the ECB’s concerns about credit quality, according to a filing on Monday detailing UniCredit’s plans for a 13 ...

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