Sunday 23 July 2017
 
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Mena markets to outperform EM in 2017: survey

Mena financial markets will outperform emerging markets (EM) in 2017, but political instability continues to be seen as the main source of risk for Mena markets, according to a survey of international fund managers and institutional investors.

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Gold seen as best protectionist investment

Gold is viewed as the best protectionist investment, with a record net 15 per cent of investors considering it undervalued, according to the latest Bank of America (BofA) Merrill Lynch Fund Manager report. The BofAML Global FMS Ma

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Oil prices, stocks up on surprise Opec deal

Oil prices extended gains in Asia on Thursday, boosting stock markets, after Opec members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the US presidential election nears. MSCI&#

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Hong Kong stocks extend gains as China investors pour in

Hong Kong stocks extended gains on Friday as mainland China investors stepped up buying of shares in the city ahead of a scheme to link the Shenzhen and Hong Kong stock exchanges. China shares were marginally firmer, with investor

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Asia stocks fall while dollar crawls up, oil near 8-week high

Asian stocks retreated on Friday as traders took profits from shares close to one-year highs, while the dollar edged up from a near eight-week low after some Federal Reserve officials reiterated the case for raising interest rates in coming mont

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Bumper US jobs data boosts world stocks

Stocks and the dollar jumped on Friday on strong US employment data that boosted expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year. Forecast-beating US

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Oil slips as US stock build raises glut worries

Oil prices slipped on Thursday after a rise in US gasoline inventories helped push US oil stocks to a record high, reinforcing worries of a global oversupply. US crude and oil product stocks rose 2.62 million barrels in the week t

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Oil slips as US stock build raises glut worries

Oil prices slipped on Thursday after a rise in US gasoline inventories helped push US oil stocks to a record high, reinforcing worries of a global oversupply. US crude and oil product stocks rose 2.62 million barrels in the week t

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Oil steadies as US inventories send mixed signals

Oil prices steadied after the US Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.   US West Texas Intermediate crude for September delivery,

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Wall Street stays on record-setting run

Upbeat company earnings lifted US and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the US Federal Reserve may raise interest rates by year-end.

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