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Middle East bourses most exposed to foreign funds lag

DUBAI / Reuters Stock markets in the Middle East that are most exposed to foreign funds were the chief losers on Sunday, taking their cue from international bourses, where the mood was soured last week by growing tensions between the United States and North Korea. The worst performer in the region was Egypt’s blue-chip index, which dropped 1.4 percent as ...

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Bond market looks expensive, until you factor in threat of war

Bloomberg The bond bulls in the $14 trillion Treasuries market didn’t expect — or want — to be proven right in quite this manner. Ramped-up bellicose rhetoric between US President Donald Trump and North Korean leader Kim Jong Un has stoked fears of imminent war, driving 10-year Treasury yields to the lowest level since June. Unless the two adversaries tone ...

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Draghi unfazed for now as ECB watches euro inflation impact

Bloomberg If Mario Draghi is worried about the strength of the euro, he’s hiding it well for now. The European Central Bank president has shirked any invitation so far to bemoan the recent appreciation of the single currency in the style of his predecessor Jean-Claude Trichet, who used to complain about “brutal” moves that risk damping growth. Instead, Draghi has ...

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