Monday 17 September 2012

STOCKS NEWS MIDEAST-Gulf rally seen short-lived despite Asia gains - Yahoo! News Maktoob

Gulf investors are seen cashing in some of Sunday's regional market gains, with a rally sparked by the Federal Reserve's latest round of money printing likely to prove short-lived.
"There will be profit-taking before markets go up again - (company) earnings will now have to drive markets higher,' says a Dubai-based trader who asked not to be identified. "The stimulus bubble is done."
That outlook comes despite an upbeat start to the week on global markets as Asian stocks touched their highest in more than four months and gold, oil and copper hovered near multi-month highs.

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