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US rate guesswork weighs on stock markets

  Bloomberg Stock markets across the world dipped on Monday as investors tried to second-guess the US Federal Reserve on the timing of its next interest rate hike. Tokyo, however, was the exception with stocks there soaring on a weaker yen. In a much-scrutinized speech, Fed chief Janet Yellen on Friday hinted at a US interest rate rise by the ...

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Gulf moves little in thin trade

  Bloomberg Gulf stocks moved little in early, thin trade on Monday as a fresh slide in oil prices and a retreat in Asian share markets kept buyers away. Dubai’s index was flat as stocks mainly traded by local investors were the top movers. Insurer Takaful Emarat Insurance gained 3.4 percent but Ajman Bank fell 1.3 percent. In Abu Dhabi, ...

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Ruble plummets as oil reasserts dominance

Bloomberg The ruble weakened for a second day as speculation the dollar will strengthen under tighter Federal Reserve policy dimmed its carry-trade appeal and it came under the influence of weaker oil prices. Russia’s currency weakened 0.3 percent to 65.065 against the dollar by 11:54 a.m. in Moscow. The Micex index of major stocks dropped 0.8 percent after closing at ...

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