Sunday 1 May 2016
 
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Saudi surges on petchems, GCC markets mixed

Saudi Arabia's stock market rose strongly in heavy trade on Sunday as firm oil prices boosted petrochemical shares, while other markets in the region were mixed. Riyadh's main index jumped 1.7 percent to 6,699 points, its

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World stocks hit 5-months highs along with oil

World stock markets reached their highest level in almost five months on Thursday as higher oil prices improved risk appetite and the euro steadied before a European Central Bank meeting. However, European shares slipped lower as

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ME funds upbeat on bonds, lukewarm to stocks

Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, a monthly Reuters survey shows. The most recent survey of 14 leading

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ME funds positive on bonds, lukewarm on stocks

Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, a monthly Reuters survey shows. The most recent survey of 14 leading

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Oil prices edge higher, but growing stocks loom

Oil futures rebounded from early losses but the recovery was muted as the market's focus switched back to signs of growing oil stocks.   Brent and WTI crude were on track for their strongest March since 2002,

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Oil prices rebound on low stocks build

Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week. A weakening dollar also lent some support but concern that a two-month rally was fading in a

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Dollar strength hurts stocks, oil bounces off lows

Global equity markets declined on Thursday and the dollar added to a recent string of gains after another US Federal Reserve official talked of higher US interest rates before long.   The dollar rose for a fifth

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Asia stocks, oil jump as dollar sags after Fed

Asian shares edged higher, oil touched a 2016 high and the US dollar weakened as investors turned more positive on riskier assets after the Federal Reserve's cautious stance on further interest rate increases.  

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IEA sees floor for oil market as stocks gain

Oil prices rose on Friday, boosting world stock markets, after an energy organization said the oil market may have found a floor, while the euro eased. Brent crude oil was on track for its third weekly gain after the report by the

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Gulf rises with oil over $40; foreigners buy in Egypt

Most stock markets in the Gulf rose on Tuesday after oil prices firmed above $40 a barrel, while Egypt climbed as foreign investors accumulated shares. While many regional fund managers believe Gulf stock markets could still be pr

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