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Thursday, 13 July 2017

MIDEAST STOCKS-Gulf stocks end week on high after Fed's dovish comments, good Q2 results

MIDEAST STOCKS-Gulf stocks end week on high after Fed's dovish comments, good Q2 results:

"Middle East stock markets extended gains on Thursday, helped by a rise in oil prices this week and by dovish comments from U.S. Federal Reserve Chair Janet Yellen that pointed to a more gradual tightening of monetary policy. U.S. treasury yields eased following Yellen’s statement that interest rates could not rise "all that much further", a positive factor for emerging markets globally. Inflows from emerging market investors in the Gulf provided support to the Qatari and the United Arab Emirates stock markets in particular, as they are both linked to the MSCI emerging markets equity index."



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