MidEast Shares Mostly Rise

MidEast Shares Mostly Rise

Middle East stocks mostly advanced, helped by firmer oil prices. Brent crude oil prices hit an 18-month high. Egypt also continued to benefit from foreign buying. In company news, Union National Bank and Abu Dhabi Commercial Bank keep rising on speculation of a tie-up even though both companies previously denied one was coming. Saudi Arabia’s main index inched up 0.1% to 7,251 points, Dubai jumped 1.8% to 3,602 points, Abu […]

Read More ˃
Bonds Trim Losses

Bonds Trim Losses

U.S. Treasuries pared early losses Tuesday as stocks trimmed gains. Treasuries were pressured on rising global inflation measures and equities while later domestic manufacturing and construction data beat expectations. The mid-curve has been hit hardest while the two- and 30-year wings outperform. Treasuries have continued to suffer in the face of expected upticks in inflation, fiscal spending and increased debt supply. The 30-year recently traded near 3.075% from a 3.133% […]

Read More ˃