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Gulf Today Report
European stock gained on Monday following talks by the UK and EU to extend talks on post-Brexit trade beyond the self-imposed deadline.
London shares rose 0.4 per cent but gains were capped by the strong pound, which weighs on profits of dollar-earning multinationals listed in the British capital.
Frankfurt stocks jumped 1.2 per cent and Paris gained 1.1 per cent in early afternoon eurozone deals.
Although the Brexit trade talk is moving at a slow pace and neither party wants to be the first to throw in the towel, the rollout of vaccine is keeping traders optimistic.
Indian shares gain as Burger King makes market debut
Oil prices gain on hope for a vaccine-led economic revival
Gold eases as COVID-19 vaccine rolls out
Asian shares gain following Japan’s central bank report on encouraging improvement in business sentiment.
Tokyo’s Nikkei 225 climbed 0.6% and shares were also higher in Shanghai, Seoul and Sydney. Hong Kong’s Hang Seng declined.
The data showed improvement in all categories, with conditions of large manufacturers rising to minus 10 from minus 27.
Additionally, all categories from manufacturing and nonmanufacturing show recovery.
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, on Wall Street, the Dow slumped 1.16%.
The pan-European STOXX 600 index rose 0.4% and was on track for a marginal weekly gain after signs of progress on COVID-19 vaccine pushed the index to February highs earlier this week.
Benchmarks in Shanghai, Hong Kong and Sydney declined while Tokyo and Seoul rose. While in Europe, the pan-European STOXX 600 dipped 0.1%,
The pan-European STOXX 600 index barely shifted while in Asia, EUROSTOXX 50 futures dipped 0.4% .
Sheikh Fahim Bin Sultan Al Qasimi, Chairman of the Department of Government Relations in Sharjah, stated that the department has enhanced the stature of the UAE, in general, and Sharjah, in particular,
After the success of She Leads, Creative Zone and the Dubai Business Women Council (DBWC) have launched the second phase of their integrated accelerator programme, She Leads 2.0.
Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (Dhs553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI).
The Pearl Initiative, a leading Gulf business-led non-profit organisation promoting a corporate culture of accountability and transparency, held a virtual panel discussion in conjunction with stc.