MIDEAST STOCKS-Saudi shares rise on interest rate hike optimism, region up | News by Country | Reuters:
"Saudi shares rose on Wednesday as optimistic investors as an upbeat global backdrop helped bolster fragile regional investor sentiment.
Saudi bank shares rose, with the sector's measure up 3.5 percent on prospects of bank lending margins increasing if the U.S. Federal Reserve hikes interest rates.
The overall sentiment and performance however, is expected to be volatile until there is clarity on government expenditure when the kingdom announces its 2016 fiscal budget next week."
'via Blog this'
No comments:
Post a Comment