Saudi Leads, Gulf Markets Close Higher; Egypt Hits 4Y High

April 29 Reuters Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while investors awaited the U.S. Federal Reserve39;s policy meeting this week for further cues on its interest rate trajectory. Saudi Arabia39;s benchmark stock index ended five session losing streak and rose 1.1, the highest intraday […]
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Chinese Property Shares Rally on Stimulus Hopes

HONG KONG, April 29 Reuters Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restrictions. Hong Kong39;s Hang Seng Mainland Properties Index jumped 4.3 in the morning session, while mainland China39;s CSI 300 Real Estate […]
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Most Gulf Markets Up in Early Trade; Fed Decision in Focus

April 29 Reuters Most stock markets in the Gulf were up in early trade on Monday on strong corporate earnings while investors keenly awaited the U.S. Federal Reserve39;s policy meeting this week for further cues on its interest rate trajectory. Saudi Arabia39;s benchmark stock index was up 1, with all constituents in the green, led by […]
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Positive Corporate Updates Lift FTSE 100 to new Highs

Anglo American up after report BHP considering better offer Petrofac hits recordlow after delaying fullyear results FTSE 100 up 0.4, FTSE 250 adds 0.3 April 29 Reuters Britain39;s FTSE 100 extended its record rally on Monday, helped by a slew of positive corporate updates including a report that said mining giant BHP Group was considering […]
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German Inflation Creeps Up to 2.4 in April

Harmonised inflation rises to 2.4 in April from 2.3 Core inflation eases to 3.0 from 3.3 in March Upward price trend in services weakens BERLIN, April 29 Reuters German inflation rose slightly in April due to higher food prices and a smaller drop in energy prices than in previous months, preliminary data from the federal […]
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