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Euro drops with Spain on edge; bonds and oil climb

Bloomberg The euro weakened as investors watched and waited for the next big development in Spain, where Catalan separatists are planning their response after Prime Minister Mariano Rajoy moved to stamp his authority on the region. Candidates for the Fed chief and the odds of US tax reform remain in focus as the dollar rose a second day. The common ...

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NCB, Mobily hit Saudi, Emaar weighs on Dubai

Reuters National Commercial Bank and telecom stocks dragged down Saudi Arabia’s main index while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 points on the back of the banking and insurance sectors, as NCB reported an 8.4 percent rise in third-quarter net profit, or around 5 ...

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Draghi seen going for ECB bond buying limit in QE’s last hurrah

Bloomberg The European Central Bank (ECB) will halve monthly bond purchases to €30 billion ($35 billion) next year, stretching out the programme’s remaining capacity as it waits for inflation to pick up, a Bloomberg survey of economists shows. Policy makers will keep buying for about nine months to take the programme to just over €2.5 trillion, respondents said before the ...

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