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Monday, 10 July 2017

MIDEAST STOCKS-Middle East follows global shares up, strong Q2 boosts Saudi | Reuters

MIDEAST STOCKS-Middle East follows global shares up, strong Q2 boosts Saudi | Reuters:

"Middle East markets followed global shares higher on Monday and Saudi Arabia's stock index was bolstered by strong quarterly reports and dividend announcements.

For now, unease about an end to the era of ultra-cheap money has given way to optimism about global growth, with Friday's stronger-than-expected U.S. non-farm payrolls report bolstering risk appetite. Data on Monday showed exports from Germany, Europe's biggest economy, rose more than expected in May.

The pan-European STOXX 600 rallied 0.4 percent, with banks being one of the strongest sectors."



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