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Global stocks diverge on Fed, post-Brexit data

  Bloomberg European stocks rose on Thursday as traders reacted to the outlook for US interest rates and some healthy post-Brexit data in Britain. Tokyo’s main index however sank as the dollar fell against Japan’s haven yen currency, hurting share prices of the country’s exporters. Wall Street meanwhile opened up with a slight boost from Wal-Mart Stores’ better-than-expected second-quarter earnings. ...

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Petchems support Saudi, Qatar retreats after surge on FTSE

  Reuters Gulf stock markets were narrowly mixed in quiet trade on Thursday as petrochemical shares supported Saudi Arabia’s index but Qatar pulled back after a surge this week due to hopes for inflows of foreign funds. The Saudi stock index closed 0.1 percent higher as the petrochemical sector’s sub-index gained 1.1 percent after Brent crude oil futures hit a ...

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Brent crude oil tops $50

  AFP Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stockpiles, traders said. Brent North Sea crude reached $50.05 a barrel — breaching $50 for the first time since early last month. Later around 1230 GMT, Brent North Sea crude for delivery in October was up two ...

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