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Investors are now paying to own German bonds, as they flock towards safe havens amid Brexit fears and turbulent stock markets. The ECB’s quantitative easing program further pushes down interest rates on sovereign debt.
Stock markets in Europe have continued their fall as traders get increasingly worried about the potential effects of a possible UK exit from the EU. Germany’s blue-chip index hit its lowest closing level in months.
During the past week, Tadawul registered a 4.02% increase in its performance. DFM surged by 4.04%, while ADX inched up by 3.98%. QSE posted an increase of 2.94%, while the KSE increased by 1.34%
The G7 nations, which together produce about half of the world’s economic output, are slowly recovering from a late 2012 slowdown
European and US stock markets mostly rose on Monday while the euro fell against the dollar
World stock markets mostly fell on Friday after the economic outlook in Germany soured sharply, with bank shares in focus after Moody’s downgraded some of the biggest names including HSBC
By Reuters CAIRO: Egypt’s main index closed virtually unchanged, trading in thin volumes as traders waited for details of a regulatory decision on France Telecom’s bid to buy out most of Orascom Telecom Media and Technology’s (OTMT) stake in Mobinil. The index edged 0.8 percent higher to 4,708 points. The bourse suspended trading in Mobinil …
By Nadia Saleem and by Tom Pfeiffer / Reuters DUBAI: Egypt’s stock market is likely to drift in coming days while investors await the outcome of protests planned for Friday against the disqualification of three leading candidates for the presidency. If the protests turn violent that could trigger a sharp drop in the stock market. …
By Reuters CAIRO: Egypt’s bourse bounced back from a two-session decline as estimate-beating earnings lifted sentiment on Thursday and most Gulf markets rallied as buying momentum continued despite a weaker global backdrop. Commercial International Bank, one of Egypt’s largest, surged 8.1 percent after its fourth-quarter net profit fell by a less-than-anticipated 9 percent. Telecom Egypt …