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Pound set for quarterly gain yet Brexit blurs outlook

  Bloomberg The pound headed for its first quarterly gain versus the dollar since mid-2015 as data showed the currency’s Brexit decline delivered a double boost for the UK economy. A bumper contribution from trade saw the nation’s gross domestic product grow an unrevised 0.7 percent in the fourth quarter, its fastest pace in a year, data showed. In the ...

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Newly-merged First Abu Dhabi Bank outperforms region

  DUBAI / Reuters Stock markets in the Gulf moved sideways in thin volumes on Sunday, while shares of the newly-formed lender in Abu Dhabi, First Abu Dhabi Bank, outperformed a day after the legal completion of the merger. Shares of First Abu Dhabi Bank – the new name of the newly merged National Bank of Abu Dhabi and First ...

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Whimpering finish caps best quarter for US equities since 2015

  Bloomberg Its last day may have been a washout, but the first quarter just took its place among the best of the lengthening bull run for US stocks. Even with a 0.2 percent decline, the S&P 500 Index surged 5.5 percent in the three months ended March 31, the biggest advance since shares jumped 6.5 percent at the end ...

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