Recent Posts

Global stocks erase Brexit losses; Investors bail on bonds, yen

  Bloomberg Global stocks erased losses sparked by the U.K.’s secession vote, the Dow Jones Industrial Average topped its closing record and commodities joined a rally in risk assets on the prospect of stimulus in major economies. Government bonds sank with the yen. The MSCI All-Country World Index reached its highest level since June 23, while the S&P 500 Index ...

Read More »

OPEC sees tighter 2017 oil market, Brexit drag on economy

  LONDON / Reuters OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices. However, the Organization of the Petroleum Exporting Countries in a monthly report also cut ...

Read More »

Gulf bourses end higher on oil prices; profit-taking drags Egypt

  DUBAI / Reuters Gulf bourses benefited from recovering oil prices to all close higher on Tuesday, although Egypt’s exchange stumbled for a second day as investors took profits from a rally inspired by future currency devaluation speculation. Crude rose from the near-two-month lows hit the previous day: Brent crude was up $1.29 at $47.54 per barrel at 1218 GMT. ...

Read More »
Send this to a friend