Monday 24 June 2013

MIDEAST STOCKS-Regional markets slip as global gloom weighs | Reuters

"Regional bourses fell on Monday as renewed selling pressure on global shares sparked a profit-taking spree, extending losses since the U.S. Federal Reserve said it would cut back a stimulus programme.

The U.S. central bank's plans and fears Chinese policy may be tightening sent the dollar sharply higher on Monday, while world shares extended last week's dismal performance.

Saudi Arabia's index, the largest regional market, fell 0.8 percent, cutting 2013 gains to 10.3 percent."

'via Blog this'

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