Recent Posts

Dubai rises above chart barrier, ex-dividend bank weighs on Saudi

DUBAI / Reuters Dubai’s stock index rose above technical resistance on Monday, suggesting a long period of underperformance compared with the region and other emerging markets might be ending, while a bank going ex-dividend helped to pull down Saudi Arabia’s market. The Dubai index gained 0.8 percent to 3,602 points, eclipsing its April peak of 3,573 points. The next, strong ...

Read More »

Asia stocks ex-Japan rise to two-year high

Bloomberg Asian equities ex-Japan rose to their highest in two years as better-than expected economic data in China and receding bets on rate hike by US boosted the growth outlook for the region. China small-cap shares fell amid regulatory concerns. The MSCI Asia Pacific Index ex-Japan rose for a sixth straight session, adding 0.3 percent to 519.85 as of 4:30 ...

Read More »

Emerging currencies can weather ‘rate-rise storm’ better than 2013

Bloomberg As global bonds reel under hawkish rhetoric by major central bankers, AllianceBernstein and Amundi Asset Management say emerging-market currencies will weather the storm better than 2013. Improvements in external balances, higher reserves and subdued inflation are among factors making developing-nation economies from India to Mexico appear less vulnerable to the risk of outflows when their advanced peers begin to ...

Read More »
Send this to a friend