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Stocks advance as growth optimism boosts metals

Bloomberg European stocks headed for the first gain in three days, spurred by raw-material producers on optimism the global economy is gathering momentum. The dollar gained, paring its worst monthly decline since January. S&P 500 Index futures edged higher after Anglo American Plc, Glencore Plc and Rio Tinto Plc helped underpin an advance in the Stoxx Europe 600 gauge. Miners ...

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Saudi dips on weak Q2 while blue chips support Dubai

DUBAI / Reuters Saudi Arabia’s stock market index recorded its sixth straight session of declines on the back of weak second-quarter corporate earnings, but Dubai outperformed a weaker region as bluechips rose. The Riyadh index slipped 0.3 percent as shares of milk and yoghurt maker Saudi Dairy Foodstuff Co fell 1.3 percent after it reported a 5.2 percent drop in ...

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Politics to weigh on South Africa’s central bank: Moody’s

Bloomberg South Africa’s central bank is under increasing political pressure to maintain “expansionary” monetary policy, Moody’s Investors Service said as the regulator prepares to challenge an instruction to change its mandate. The High Court in Pretoria on Tuesday will hear the Reserve Bank’s application to review the Public Protector’s order that lawmakers must change the constitution to make the central ...

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