UAE markets are likely to take a breather from the recent bull run and a dip in Asian shares would weigh as renewed concerns arise about Chinese growth. "I don't see clear-cut global sentiment suddenly turning, but local variables are not what's driving the markets," says Ibrahim Masood, senior investment officer at Mashreq. "It's wise to keep an eye on the rest of the world, like China. What's happens there will ultimately decide how our markets will behave." Dubai's benchmark has gained about 25 percent so far this year, and analysts are expecting a consolidation. Abu Dhabi National Energy on Wednesday said it expects to increase capital spending to between US$2bn to US$2.2bn this year as it pushes ahead with expansion plans. UAE's economic growth is expected to slow to 2.3 percent this year from an estimated 4.9 percent in 2011, the International Monetary Fund said on Wednesday. US April crude rose 31 cents to US$105.75 a barrel by 0312 GMT, while in London ICE Brent crude for April delivery edged up 3 cents to US$125 a barrel.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor