Most Gulf Markets End Mixed, Qatar Rises

June 9 Reuters Most stock markets in Middle East ended mixed on Thursday with the UAE leading the losses, while Qatar saw its best day since January 2021 after closing flat in previous session. Gulf Cooperation Council stock markets mostly fell under the weight of the global selling pressures as recession fears in the United […]
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Euro Zone Bond Yields Soar as ECB Plots July Rate Hike

Peripheral bond yields up 12 to 20 bps Euro rises but then falls in volatile trading Stocks fall after hawkish tone in statement LONDON, June 9 Reuters Bond yields across southern Europe soared on Thursday after the European Central Bank signalled a string of interest rate hikes starting in July to tame stubbornly high inflation. […]
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Turkish Lira Weakens to 17.20 against Dollar

ISTANBUL, June 9 Reuters The Turkish lira slid to beyond 17.2 against the dollar on Thursday, slipping for a fourth consecutive session towards December39;s record lows amid concerns over soaring inflation, a widening current account deficit and Ankara39;s policy response. The lira stood at 17.20005 at 0612 GMT slightly weaker than Wednesday39;s close of 17.17. […]
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Japan Sticks to Forex Stance Even as Yen Slide Steepens

Yen weakens to 20yr low to dollar, 7yr trough vs euro Divergence of monetary policy spur yen weakening Kuroda retracts remark on households39; acceptance of price hikes TOKYO, June 8 Reuters Japanese policymakers held fast to their usual line on yen weakness on Wednesday, stating that rapid moves were undesirable, butconfounded expectations they may escalate […]
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Chinas Exports Surge, Trade Outlook Still Fragile

China May exports grow at doubledigit pace, blows past forecast China May imports also beat f39;cast, first expansion in 3 months Data adds to signs of China39;s economic recovery from COVID outbreaks Trade outlook still faces risks from high raw material costs, Ukraine war BEIJING, June 9 Reuters China39;s exports grew at a doubledigit pace […]
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IMF Reaches Agreement with Argentina, Frees Up 4.03 bln

BUENOS AIRES, June 8 Reuters The International Monetary Fund IMF said Wednesday it had reached a stafflevel agreement on an updated macroeconomic framework with Argentine authorities, allowing the country access to about 4.03 billion. The IMF said in a statement that the country had met all quantitative targets in the first quarter and that annual […]
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