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Thursday, 14 July 2016

MIDEAST STOCKS-Gulf markets slip as investors pause ahead of global events | Reuters

MIDEAST STOCKS-Gulf markets slip as investors pause ahead of global events | Reuters:

"Gulf shares traded lower on Thursday after two days of gains as investors paused ahead of expected economic policy moves in major global markets.

The Bank of England is due to make its first post-Brexit policy decision on Thursday, with analysts expecting the Bank to cut interest rates to a record low to calm markets.

This, coupled with expectations of further economic stimulus this month in Japan, has revived risk appetite among global investors, pushing funds into emerging markets including the Gulf. All traded higher in the previous two days."



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