US stocks opened lower as traders closely watched for signs on economic downturn. Reuters
A German GDP contraction, weak Chinese industrial output and an inversion of the US yield curve all seem to strengthen fears of a global slowdown and the world community needs to take a serious note of it. Also highlighting the seriousness of the issue is the fact that stock markets on both sides of the Atlantic
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
Global stocks mostly rose on Tuesday with the prospect of a US interest rate cut and broader central bank dovishness helping to offset lingering US-China trade war tensions. Bourses in Paris, Frankfurt and London all rose, along with Tokyo, Hong Kong and Shanghai. But Wall Street finished slightly lower,
The Abu Dhabi National Oil Company (Adnoc) announced on Thursday, the award of a contract worth up to $519 million (Dhs1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey,
Abu Dhabi: The UAE property market is in fine fettle despite the COVID-19 pandemic. The completion rate of property projects in Dubai this year is quite encouraging despite the global trends, with over 20,000 units having been completed
The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.39% while Japan's Nikkei gained 0.91%.