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Asian shares traded at record highs on Monday, inspired by a good end of the week on US markets.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
In the Middle East, Saudi Arabia's market index outperformed its peers in the region on Sunday.
The Saudi index added 1.4 percent to 7,440 points in good trading volumes, with the banking sector boosting the index. Saudi British Bank jumped 4.6 percent.
Dubai's index added 0.5 percent as real estate blue chip Emaar Properties rose 1.7 percent. Neighboring Abu Dhabi edged down 0.1 percent.
Egypt's index edged up 0.1 percent on Sunday.
In commodities, oil prices hovered near three-year highs on Monday supported by ongoing output cuts led by OPEC.
Brent crude futures traded at $69.85 per barrel at 0412 GMT, down 2 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $64.40 a barrel, down 10 cents.
In currency markets, the dollar was trading on Monday near three-year lows against a basket of currencies, edging down 0.1 percent to 90.931.
Gold prices were at $1,338.34 an ounce on Monday after reaching a four-month high of $1,339.34 on Friday.
In other news, a finance ministry statement said on Sunday that Egypt's budget deficit for the first half of the 2017-2018 fiscal year starting in July dropped to 4.4 percent from 5 percent last year.
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Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2018
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.
In the Middle East, Saudi Arabia's market index outperformed its peers in the region on Sunday.
The Saudi index added 1.4 percent to 7,440 points in good trading volumes, with the banking sector boosting the index. Saudi British Bank jumped 4.6 percent.
Dubai's index added 0.5 percent as real estate blue chip Emaar Properties rose 1.7 percent. Neighboring Abu Dhabi edged down 0.1 percent.
Egypt's index edged up 0.1 percent on Sunday.
In commodities, oil prices hovered near three-year highs on Monday supported by ongoing output cuts led by OPEC.
Brent crude futures traded at $69.85 per barrel at 0412 GMT, down 2 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $64.40 a barrel, down 10 cents.
In currency markets, the dollar was trading on Monday near three-year lows against a basket of currencies, edging down 0.1 percent to 90.931.
Gold prices were at $1,338.34 an ounce on Monday after reaching a four-month high of $1,339.34 on Friday.
In other news, a finance ministry statement said on Sunday that Egypt's budget deficit for the first half of the 2017-2018 fiscal year starting in July dropped to 4.4 percent from 5 percent last year.
For access to market moving insight, subscribe to the Trading Middle East newsletter by clicking here
Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2018
