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Stocks rise as traders weigh Harvey

Bloomberg US stocks edged higher, the dollar struggled and gold rose as investors weighed the damage from Tropical Storm Harvey. European stocks started the week on the back foot following Friday’s euro surge, but managed to pare a drop. Gasoline surged to the highest in two years and oil declined as flooding from Harvey inundated refining centers along the Texas ...

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Saudi banks strong before FTSE upgrade decision

DUBAI / Reuters Banks helped nudge stock markets in the Gulf higher on Monday with Saudi Arabian lenders, which may benefit from a potential upgrade of the kingdom by index compiler FTSE at the end of next month, outperforming. Egypt firmed on buying by foreign funds. Late next month FTSE will announce its decision on whether to include Saudi Arabia ...

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Central bankers shun policy clues as trade pervades Jackson Hole

Bloomberg Leaders of the world’s most powerful central banks defended post-crisis reforms at their annual retreat in Jackson Hole, Wyoming, while discussing the causes and consequences of populist waves that have reshuffled the political order in the US and Europe. Monetary policy wasn’t a major focus during the three-day gathering. When it was discussed, the messages from the Federal Reserve ...

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