Google+ Followers

Thursday, 10 November 2016

MIDEAST STOCKS-Dubai and Qatar bounce in line with global shares, Saudi robust | Reuters

MIDEAST STOCKS-Dubai and Qatar bounce in line with global shares, Saudi robust | Reuters:
"Stock markets in Dubai and Qatar recovered from the shock of a Donald Trump presidency in early trade on Thursday, mirroring global bourses, while Saudi Arabia's index rose above minor technical resistance.

Following Trump's election victory, world markets initially fell sharply but they are now bouncing back; the Thomson Reuter's global index is up 1.0 percent.

Many economists believe that although there may be a period of uncertainty as governments and businesses await Trump's policies, the Gulf region will be relatively resilient because it does not rely much on foreign capital. Because of its currency pegs, it could benefit from any protracted period of lower interest rates if the U.S. central bank delays tightening."

'via Blog this'