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Gulf sinks, Drake & Scull badly hit in Dubai

  Dubai / Reuters Gulf stock markets fell early on Monday after oil and Asian equities dropped because of the threat of a U.S. interest rate hike, while Dubai builder Drake & Scull declined sharply because of concern about its financial situation. Brent crude dropped back to just above $50 a barrel in Asian trade amid talk that a U.S. ...

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European stocks diverge awaiting clear US rate outlook

  London / AFP Eurozone stock markets rose on Monday looking ahead to a key meeting of central bankers at the end of the week, but London retreated on heavy falls for heavyweight mining shares. Around 1000 GMT, London’s benchmark FTSE 100 was down 0.4 percent compared with the close on Friday. In the eurozone, Frankfurt’s DAX 30 rose 0.3 ...

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Tokyo stocks end higher on weaker yen

  Tokyo / AFP Tokyo stocks closed higher on Monday on a weaker yen after the vice chairman of the Federal Reserve talked up the US economy while the Bank of Japan’s boss indicated there could be fresh easing measures next month. In the US, Stanley Fischer on Sunday said the world’s top economy had met the bank’s targets and ...

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