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Gulf Today Report
European shares declined on Monday due to worries of risk surrounding higher inflation that has affected hope for a.
The pan-European STOXX 600 index was down 0.7% by 08:10 GMT. Britain's FTSE 100 dropped 0.4%.
Europe will decide whether to extend the suspension of its rules limiting budget deficits and debt, known as the Stability and Growth Pact (SGP), in coming weeks, the Commissioner for Economy Paolo Gentiloni said.
Asian shares mixed on Monday on hope for economic recovery due to the rollout of the global vaccine.
Benchmarks rose in Japan but fell in South Korea, Australia and China.
Investors remain are keeping an eye on stimulus fixing the global economies hit by COVID-19.
But the US $1.9 trillion economic package proposed by President Joe Biden also heralds hope for export-reliant regional economies.
Japan's benchmark Nikkei 225 gained 0.6% to 30,203.61. South Korea's Kospi dipped 0.8% to 3,082.45. Australia's S&P/ASX 200 edged down 0.2% to 6,780.90. Hong Kong's Hang Seng fell 0.5% to 30,479.73, while the Shanghai Composite dropped 1.0% to 3,658.59.
Japan began administering vaccines for COVID-19 last week. It was the last of the Group of Seven industrial nations to get started.
Vaccination drives are set to start soon in other Asian nations, such as Malaysia, Vietnam and the Philippines.
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 rose 0.5% by 08:13 GMT, trading less than a per cent below its record high, with bank stocks leading the gains.
The real estate markets in Sharjah and Ajman have continued to record stability in sales and rental prices in the first half of 2021, according to Bayut & dubizzle.
Visitors to Expo 2020 Dubai are invited to enjoy a world of cuisine where taste knows no borders – a foodie’s paradise featuring internationally acclaimed restaurants and local favourites,
BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (Mubadala), on Monday