MIDEAST STOCKS-Middle East markets edge up as Yemen air strikes end | Reuters:
"Most major stock markets in the Middle East rose modestly on Wednesday after Saudi Arabia and its allies in the region decided to end a campaign of air strikes against Yemen's Houthi rebels.
Riyadh announced late on Tuesday that it was ending a month-long offensive against the Houthis, who seized large areas of Yemen, and said it would back a political solution to bring peace to its war-ravaged neighbour.
The Yemen fighting was never a big concern for financial markets, which believed the Gulf states could prevent the conflict from spreading beyond Yemen's borders; bond yields and credit default swaps barely moved in response to the violence."
'via Blog this'
No comments:
Post a Comment