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Tuesday, 6 December 2016

European equities give UAE investors courage | The National

European equities give UAE investors courage | The National:
"Shares in the UAE shrugged off a dip in oil prices on Tuesday, as investors drew courage from the resilience of European equities.

Oil prices dropped for the first time since last week’s landmark production cut deal, falling by 1 per cent to US$54.35 per barrel in early trading before recovering to $54.76 per barrel in midafternoon.

Investors in the UAE were undeterred, however, and took comfort from the quick rebound on Monday of European equities following the resignation of Matteo Renzi, the Italian prime minister."

'via Blog this'