UPDATE 2-MIDEAST STOCKS-Saudi Arabia slips, Egypt pulls back after rally | Reuters:
"Saudi Arabia's stock market edged down in early trade on Wednesday after oil prices dropped, while Egypt's bourse pulled back following a broad rally prompted by a move to delay the unpopular capital gains tax.
Brent oil fell over 3 percent on Tuesday to a one-month low of $63.95 per barrel on a U.S. dollar rally and concern about a building glut, which Goldman Sachs said would lead to a return to 2015 lows.
It has risen 1.2 percent on Wednesday after strong Japanese economic growth surprised markets, but remains below $65."
'via Blog this'
No comments:
Post a Comment