Wednesday 9 September 2015

MIDEAST STOCKS-Gulf bourses rise alongside oil, global equities | Reuters

MIDEAST STOCKS-Gulf bourses rise alongside oil, global equities | Reuters:



"Gulf stock markets rose in early trade on Wednesday, tracking oil prices and global shares which rallied hard on Japanese tax cut hopes and a rebound in China.



Japan's Nikkei soared 7.7 percent, its biggest single-day gain since October 2008, apparently galvanized by comments from Prime Minister Shinzo Abe who said the government aimed to lower the corporate tax rate by a cumulative 3.3 percentage points over two years.



MSCI's emerging markets index jumped 2.5 percent and Brent oil edged up towards $50 per barrel."



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