Wednesday , May 23 2018

Recent News

Emirates NBD to buy Denizbank for $3.2bn

Bloomberg By most accounts, Dubai’s biggest bank got a good deal when it agreed to buy Turkey’s Denizbank AS for $3.2 billion. Emirates NBD PJSC is buying the lender from Russia’s Sberbank at a time when the country is struggling with a plunging currency, a wave of debt restructurings, looming ...

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Central bank: M1 hits AED517.4bn

ABU DHABI / WAM The Central Bank announced that the Money Supply aggregate M1 increased 1.3 percent, from AED510.6 billion at the end of March 2018 to AED517.4 billion at the end of April 2018. The Money Supply aggregate M2 increased 1.5 percent, from AED1293.8 billion at the end of March ...

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Stocks

US stocks rise as risk-on creeps back, dollar falls; Italy bonds up

Bloomberg A degree of risk appetite returned to global markets on Tuesday, with developing-nation stocks and currencies rebounding and Italian bonds climbing. The dollar fell as Treasury yields climbed, and the pound advanced. US equity futures pointed to a higher open and the Stoxx Europe 600 Index nudged upward after ...

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Malaysia’s foreign stock inflows for 2018 got wiped out

Bloomberg While locals in Malaysia cheer the ouster of the Barisan Nasional coalition for the first time since independence, foreign stock investors are voting with their feet. Foreign inflows into the local stock market of $937.8 million were wiped out as concern remains on how the new coalition party under ...

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Stocks jump with dollar as US-China trade tensions cool

Bloomberg US stocks surged and the dollar strengthened against most major peers and as the Trump Administration sought to deescalate a trade rift with China. Treasury yields climbed as havens such as the yen and gold tumbled. All major equity gauges were higher led by strength in technology companies. The ...

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Foreigners pull most cash from Malaysian stocks since 2013

Bloomberg The gains in Malaysian equities since Mahathir Mohamed’s shock election win haven’t stopped an exodus of foreign money from gathering pace — with this year’s almost $1 billion of overseas inflows into the market at risk of being wiped out. The nation’s stock market had a volatile start following ...

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Gold bulls push for exits on strong greenback, lack of fear

Bloomberg The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the biggest weekly ...

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