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Stocks bulls losing support as $4trn of options set to expire

  Bloomberg Bulls reeling from the Federal Reserve’s still-hawkish tilt are about to lose a major force that helped tamp down turbulence in US stocks during this week’s macroeconomic drama. An estimated $4 trillion of options is expected to expire in a monthly event that in tends to add turbulence to the trading day. This time, with the S&P 500 ...

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Equity selloff deepens as recession fears grow

  Bloomberg US equity-index futures dropped with European stocks amid concern the resolve of central banks to continue their fight against inflation will tip the economy into a recession. Contracts on the S&P 500 and Nasdaq 100 fall at least 1.1% each after the underlying indexes posted their biggest declines since November 2. Europe’s Stoxx 600 slid to a five-week ...

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Dubai ranks second globally in top City Destinations of 2022

  Dubai / WAM Dubai has cemented its first place for a second consecutive year in the region, ranking second globally in the Top City Destinations Index 2022 of Euromonitor. The UK-based market research company in its latest rankings has uncovered the top city performers for economic and business activity, with thriving tourism infrastructure and performance that show great potential ...

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