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Updated on : 7:58 am GMT | Wednesday 11th of September 2016 10
Issued By Business & Finance Group | Dubai Media City | Issue No.305
News Archive
Emerging markets rush turning into secular move
Business & Finance Club - London : Investors caught in the middle of simmering global currency tensions are finding little option but to grab anything that is emerging markets as low rates and a falling dollar feed into a rush into high yielding assets.
Stocks up as Fed easing view grows
Business & Finance Club - New York : The dollar slid to a 15-year low against the yen and Asian stocks rose on Monday as U.S. jobs data boosted the chances of easier U.S. monetary policy and IMF and G7 meetings produced little to ease global currency tension.
Gold rises towards $1,350/oz as dollar languishes
Business & Finance Club - LONDON : Gold prices rose back toward $1,350 an ounce in Europe on Monday and silver touched a new 30-year high as expectations
Bangladesh issues stock alert
Business & Finance Club - Dhaka: Bangladesh's two stock exchanges yesterday issued a red alert, warning investors against a bubbling bourse, fearing these would burst soon unless urgent defusing measures were taken.
China makes big push to expand its yuan business in Hong Kong
Business & Finance Club - Beijing : When China began its reform process 30 years ago, no part of the polity, economy or society remained untouched — including Buddhist temples which were rebuilt on elaborate scales to allow a sliver of religious freedom.
Emerging-market stocks recover after three-day slump

Business & Finance Club Magazine - Money Markets - London: Emerging-market stocks rose for the first time in three days after comments by Federal Reserve Chairman Ben S. Bernanke bolstered speculation that the global economic recovery will be sustained.

The MSCI Emerging Markets Index gained 0.4 per cent to 893.10 as of 2.57pm in Singapore, snapping a two-day, 3.8 per cent drop.

"If you look over a 6- to 12-month horizon, you're going to see stronger growth in emerging markets," Brian Jackson, a Hong Kong-based emerging-markets strategist at Royal Bank of Canada, said. "We will be looking at some stage to move into those sectors rather than developed markets."

Global emerging-market stock funds took in $1.58 billion (Dh5.8 billion) of inflows in the week ended June 2, the most in 10 weeks, according to EFPR Global, a research firm in Cambridge, Massachusetts, that tracks fund flows. Redemptions from the other three major developing-nation fund groups were "well down" from the previous week, EPFR also said.

Crude oil prices climb as much as 0.8 per cent to $71.99 a barrel in electronic trading on the New York Mercantile Exchange, snapping a two-day loss.

Lukoil, Russia's second-largest oil producer, added 1.1 per cent, while Tatneft rose 1 per cent. Russia's 30-stock Micex index jumped 1.1 per cent.


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