Most Gulf Bourses Dip in Early Trade; Dubai Gains

March 25 Reuters Most stock markets in the Gulf were down in early trade on Monday, tracking Asian peers lower ahead of U.S. inflation data later this week. Saudi Arabia39;s benchmark stock index fell 0.4, dragged down by losses in most sectors, with real estate company Jabal Omar Development falling 5.3 and Riyad Bank down 2.4. Al Rajhi […]
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UK Stocks Muted in Short Holiday Week, Direct Line Drops

Mobico falls after lowering annual profit forecast Kingfisher falls on outlook warning FTSE 100 flat, FTSE 250 off 0.5 March 25 Reuters UK shares were muted on Monday in a holidayshortened week as markets digest recent gains on dovish pivots from major central banks, while Direct Line dropped as Belgian insurer Ageas abandoned its buyout […]
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Sterling Hovers near OneMonth Low on Rate Cut Bets

LONDON, March 25 Reuters The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ramped up their bets that the Bank of England will cut interest rates in June. Sterling was flat at 1.2608, not far off Friday39;s onemonth low of 1.2576. The euro was little […]
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European Stocks Dip at Start of HolidayShortened Week

STOXX 600 hovers below record highs Goldman Sachs raises yearend target for STOXX 600 Direct Line slides after Ageas walks away from deal March 25 Reuters European stocks fell marginally at the start of a holidayshortened week as investors digested recent big gains spurred by dovish views from major central banks. The STOXX 600 index slipped […]
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Russian Brokers Launch Frozen Asset Swap Scheme

MOSCOW, March 25 Reuters Russian brokers on Monday launched a swap scheme that could allow Russian retail investors to sell their frozen foreign securities to nonresident investors with assets stranded in Russia. Moscow presents the plan as a way for both Russian and foreign investors to free up assets that have been blocked by Western […]
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