UPDATE 1-MIDEAST STOCKS-Dubai leads Gulf markets up after Iran nuclear deal | News by Country | Reuters:
"Dubai's stock market led Gulf bourses higher in early trade on Sunday as investors reacted to Iran's deal with world powers on its disputed nuclear programme.
If confirmed in a final agreement by a June 30 deadline, the nuclear deal could eventually hurt Gulf economies to some degree by lifting international sanctions and allowing more Iranian oil onto the market, pushing down crude prices. Brent oil plunged nearly 4.0 percent on Thursday in an initial reaction to the deal.
But the agreement - if received positively by major Gulf Arab governments - could also reduce geopolitical tensions, encouraging more foreign portfolio investment throughout the region."
'via Blog this'
No comments:
Post a Comment