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Middle East stock markets head for best month since April 2020

Bloomberg Most Middle Eastern equity markets advanced on Sunday, with major gauges heading for the best monthly performance since April amid growing optimism regarding a coronavirus vaccine and higher oil prices. The main indexes in Dubai, Abu Dhabi and Saudi Arabia were all headed to the best monthly advance in four months, with Dubai’s DFM General Index leading the increase ...

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China’s bonds may see further pressure on funding pains

Bloomberg Concern about tighter liquidity in China is reverberating through the nation’s financial markets. Government bonds are heading for a fourth month of declines, a rally in stocks has been slowed, while the yuan has strengthened to its highest level since January. The yield on China’s sovereign bonds due in a decade climbed 10 basis points this month to 3.08%, ...

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Oil gains with refineries on mend after Hurricane Laura

Bloomberg Oil rises for a fourth week in a row as US Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm towards the fragile rebound in consumption amid the pandemic. WTI was little changed and notched a 1.5% gain for the week. While Laura was one of the most powerful hurricanes to ...

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