People shop at a fruit market in Ankara, Turkey. Agence France-Presse
Slowing Turkish inflation has helped make the country’s lira-denominated government bonds “cheap” for the first time this year, Deutsche Bank’s analysts said, adding that their models pointed to potentially stellar gains ahead. Data on Friday showed Turkey’s headline inflation rate
South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
Japan’s annual core consumer inflation ticked up only marginally in October despite the boost from a sales tax hike during the month, suggesting weak household sentiment is keeping companies from passing on the higher costs.
As key players in Dubai’s travel and hospitality sectors accelerate efforts to revitalise the tourism industry, several top attractions have opened their doors again to provide diverse experiences to UAE residents and tourists,
Global stocks were mixed on Tuesday ahead of a deadline to agree a pre-election US stimulus package, dealers said. In Europe, London and Paris stocks were higher in afternoon trades but Frankfurt lapsed into the red after an uninspiring performance in Asia.
The UAE has been ranked among the top three global commodity trading hubs, according to Dubai Multi Commodities Centre’s (DMCC), latest Future of Trade 2020 report.