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Saudi pulls back with oil’s retreat, profit-taking resumes in Egypt

  Reuters Saudi Arabia’s stock market gave up early gains by the close on Tuesday as oil prices pulled back, while other Gulf bourses were mixed. Profit-taking pulled Egypt’ market lower after big gains this month. The Saudi index has soared over 25 percent — almost entirely erasing its losses this year — since the government’s $17.5 billion international bond ...

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European stocks diverge as oil slides before OPEC meet

  London / AFP European stock markets mostly rebounded on Tuesday but London extended losses as mining shares lost their shine, while oil prices slumped almost a dollar on the eve of a crucial OPEC meeting. Asian traders had earlier moved cautiously, with the recent Trump-fuelled rally in stocks subdued by profit-taking, uncertainty over a key vote in Italy at ...

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Tokyo stocks end lower as ‘Trump rally’ fizzles

  Tokyo / AFP Tokyo stocks ended lower on Tuesday as markets took a breather following a string of recent gains that propelled the benchmark index to its highest level in 11 months. Japanese shares advanced last week as the yen tumbled against the dollar on expectations that US interest rates will rise under President-elect Donald Trump’s administration. “Japanese stocks ...

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