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Stocks fluctuate as crude rebounds to $40; emerging assets drop

  Bloomberg US stocks fluctuated near an all-time high, while a rebound in crude oil lifted energy producers and gold snapped its longest rally in six weeks. The rally in global bonds faltered. The S&P 500 Index swung between gains and losses as retailers stumbled a second day on lackluster quarterly results. Crude rose past $40 a barrel after U.S. ...

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Egypt closes at 1- high on IMF hopes, Gulf sags

  DUBAI / Reuters Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further. Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, ...

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UAE’s non-oil private sector accelerates to a ten-month high

  Dubai / WAM Growth of the UAE’s non-oil private sector accelerated to a ten-month high in July. Sharp expansions of output and new work helped the sector to gather momentum, alongside quicker rises in purchasing activity and employment. Notably, the rate of job creation was the fastest in over a year. Meanwhile, purchasing costs continued to increase solidly. The rate ...

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