|11-20-2014, 04:59 PM||#1|
Middle East bourses fluctuate in early trade after China data
Stock markets in the Middle East fluctuated in early Thursday trade, amid a mixed global environment and as oil prices stabilized
Asian markets were mixed on Thursday after the China flash HSBC/Markit manufacturing PMI showed factory production decreased for the first time in six months.
China is a key market for major Gulf companies, and petrochemicals in particular, and fears of a slowdown in the world’s second-largest economy is expected to continue weighing on sentiment.
U.S. stocks finished little changed but with a negative bias, and European shares were slightly higher.
Brent crude prices remained atop the $78 a barrel level, with investors taking the sidelines ahead of a potential output cut in next week’s OPEC meeting.
A rise in oil prices is good news to Gulf stock markets by erasing fears of cuts in government spending, which have notably attributed to the recent sell-off in equities in local markets.
As of 08:08 GMT, Qatar was down 0.43%, but after having gained 0.56% earlier.
Dubai was up 0.02% and Abu Dhabi gained 0.11%.
Kuwait and Muscat gained while Bahrain fell.
Trading is expected to be thin in a absence of a clear catalyst for markets. Investors should look out for when European shares open Thursday’s session, as local markets tend to track that performance.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|Middle East bourses open higher on Monday||Hazem Ahlawy||Forex News||1||11-10-2014 08:52 PM|
|Middle East bourses open in red, Mobily eyes further losses||Hazem Ahlawy||Forex News||0||11-06-2014 07:37 AM|
|Middle East bourses seen higher on positive global sentiment||Hazem Ahlawy||Forex News||0||11-03-2014 06:35 AM|
|Middle East bourses stabilize after Sunday`s sell-off||Hazem Ahlawy||Forex News||0||10-13-2014 01:48 PM|
|Japanese yen a tad weaker in early Asia, possible China FDI data||Hazem Ahlawy||Forex News||1||08-15-2014 09:46 AM|