BLOOMBERG The rebound in European equities since mid-March has failed to win over strategists, who predict that the sustained campaign of central-bank interest rate hikes will stall the rally. They are sticking to their gloomy outlook for the rest of 2023, unconvinced by a 10% advance in the Stoxx Europe 600 so far. The benchmark index is set to fall ...

BLOOMBERG Excitement over electric vehicles and other technology has made South Korea’s stock market one of the world’s best performers in 2023 — and its initial public offerings (IPOs) are doing even better. The 28 stocks that have listed in Seoul this year to date are up by a weighted average of 47% from their IPO prices. That’s ahead of even ...

SHARJAH / WAM Arada announced it has begun handing over 114 townhouses and semi-detached villas in the Sarab 2 garden villa community at Sharjah megaproject Aljada. The two Sarab communities feature the only villas and townhouses in the Aljada masterplan. All homes at Sarab come with smart home features as standard and a cooker, hood and washing machine/drier installed. Spread ...