Saturday 31 August 2013

Familiar factors disturb Gulf stocks and bonds | GulfNews.com

Familiar factors disturb Gulf stocks and bonds | GulfNews.com:

"Gulf markets were naturally alarmed last week by the ramifications of the Syrian situation and pending international intervention.
At the same time, an element of profit-taking in stocks was present, with analysts referring to the elimination of some speculative froth. Clearly, it was a memo to all concerned that what goes up can come down again, even if the underlying trend is relatively assured.
As to bonds, their fate appears as captured by global benchmarks as has, in some places, been fully foreshadowed. That has made focusing on the policy and economic leadership of the US an imperative for investors."

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