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Gulf Today Report
European stocks gained on Friday as investors forecast a faster global economic recovery.
The STOXX 600 gained 0.4%, its highest rise since December. It also recorded a 3.7% gain this week.
The expectation of a large US stimulus boosted the markets and a pause in the Reddit-driven retail trading frenzy also helped lift investor sentiment.
Han Tan, market analyst at FXTM said: "global markets are now revisiting a familiar script, with investors pushing broad asset classes higher on more signs pointing to the US economic recovery."
Banks, travel, leisure and technology led the European trade, they traded higher, suggesting a risk-on trading environment.
Gold prices inch up as dollar firms
Indian shares retreat following cenbank announcement
Oil prices climb on hope for US economic growth
Asian shares advanced on Friday on hope for economic recovery from the effects of the coronavirus pandemic.
Japan's benchmark Nikkei 225 surged 1.3% in afternoon trading to 28,716.68. Australia's S&P/ASX 200 rose 1.1% to 6,840.50, and South Korea's Kospi climbed 0.7% to 3,107.88. Hong Kong's Hang
Seng jumped 0.8% to 29,337.67, while the Shanghai Composite gained 0.5% to 3,520.70.
Venkateswaran Lavanya of Mizuho Bank in Singapore said positive employment data in the US has lifted Asian markets.
The gradual decline in COVID-19 cases according to global data and roll-out of vaccines has boosted hope for a rebound, added Lavanya.
Shares in Taiwan, India and Thailand were higher, as upbeat Chinese exports data also underpinned risk appetite.
The pan-European STOXX 600 index rose 0.5%, inching closer to a record peak set last year.
The pan-European STOXX 600 index fell 0.1% while in Asia, South Korea's Kospi jumped 2.5%.
As European countries impose fresh lockdowns, data shows the deteriorating situation of the economy.
Dubai has recorded 2,624 real estate and properties transactions at a value of Dhs 8 billion in total during the week ending 24th June 2022. The DLD report said that 274 plots were sold for Dhs1.15 billion,
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) and Chairman of Enoc and Dragon Oil, Mikayil Jabbarov, the Minister of Economy
Executives at AD Ports (ADP) Group have confirmed that its flagship deep-water port, Khalifa Port, has been ranked in the top five of the global Container Port Performance Index (CPPI)
A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada for a trip, concluding on June 25, to meet with senior government officials and stakeholders in the Canadian energy sector