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Stocks rebound in thin trading

Bloomberg European stocks joined a rally across most Asian equities following three days of losses, though trading volumes were once again depressed. Havens including gold, the yen and bonds retreated even as the likes of Bridgewater Associates’ Ray Dalio said he was reducing risk. The Stoxx Europe 600 Index rebounded from the lowest in more than a week as miners ...

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Al Rajhi Bank, Ma’aden boost Saudi; Dubai stocks outperform

DUBAI / Reuters Saudi Arabia’s stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma’aden, while Dubai also outperformed most Gulf bourses although trading was thin. The Saudi stock index climbed 0.4 percent with Al Rajhi up 2.2 percent to 65.80 riyals, bringing its gains over the last five days to 4.9 ...

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Inflation expectations may resume trust at Bank of Russia

Bloomberg While central bankers from the US to Europe see inflation undershooting their targets as a headache for monetary policy, it may be a boon for the Bank of Russia. A surprise deceleration in consumer prices below 4 percent in July is set to cool off inflation expectations, which Russia’s central bank calls a “pillar” of its rate decisions, according ...

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