Europe's share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the US Federal Reserve dampened bets that it might be readying its first interest rate cut in years.
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
World stock markets surged on Thursday, with the US benchmark S&P 500 hitting a record high, while the 10-year US Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential US interest rate cuts
European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties.
Opec’s Secretary General said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market.
The Abu Dhabi National Oil Company (Adnoc) announced its In-Country Value (ICV) Programme has driven more than Dhs26 billion ($7 billion) back into the UAE economy in 2019,
Major automakers think US President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25% tariffs on national security grounds