Financial Markets Today
Dollar inches higher after Fed curbs dovish enthusiasm
The dollar index against a basket of currencies stood at 96.176 on Wednesday, just above a three-month low of 95.843 touched on Tuesday
Reuters News
Copper falls from 5-week high as dollar recovers
Three-month copper on the London Metal Exchange fell 0.4% to $6,018 a tonne
Reuters News
Corn, soybeans slip on improved U.S. weather outlook
The most-active corn contract on the Chicago Board Of Trade was down 0.6% at $4.45 a bushel
Reuters News
Oil prices jump as U.S. crude stocks fall, Middle East worries add support
Front-month Brent crude futures, international benchmark for oil, were up 1.3% at $65.91
Reuters News
UAE buyers in waiting mode as gold rallies to 7-year high
The yellow metal has leapt 10 per cent in four weeks.
Khaleej Times#Morning Briefing
Wednesday outlook: Oil prices surge more than 1 percent on lower U.S. crude data
U.S. West Texas Intermediate (WTI) crude futures were at $58.98 per barrel, up 1.8% from their last settlement
Read More#Quick Intel
Saudi miner Ma'aden says unit signs financing agreement, shares rise
The new debt will replace the existing debt, with more favorable terms
Read MoreInsights and Reports
Gulf tensions, trade wars loom large over key meetings
Hedge funds pause oil sales as Mideast tensions rise: Kemp
Funds shed more CBOT shorts, though corn bulls should heed the wheat longs -Braun
Slack debut takes direct listing closer to a trend
Buybacks prolong Wall Street rally nobody loves
Detailed price performance and analysis with Market movers
Latest Stocks News
Mideast Stocks: Saudi extends gains while most Gulf markets drop
Saudi's index was up 0.4% after snapping a four-day losing streak in the last session
Reuters News - 1 hour agoADFG's reverse takeover of Shuaa Capital agreed
ADFG shareholders will take 58% of combined entity, Shuaa shareholders 42%
ZAWYA - 4 hours agoAsia stocks retreat after Fed tempers aggressive rate cut expectations
MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.2%
Reuters News - 5 hours agoMideast Stocks: Factors to watch on June 25
Here are some factors that may affect Middle East stock markets on Tuesday
Reuters News - 1 day agoCairo Investment to acquire 60% of UAE company
The Egyptian company hired Fincorp Advisory to conduct the fair value study of the deal
Mubasher - 1 day agoOpinion
Should Emirates REIT pay or play?
Emirates REIT's most recent accounts show a cash position of $38 million, while it's market cap closed last week at $209 million
No let-up in trade war likely even if tariffs are reduced
Weekly Q&A: Stephen Innes, co-founder and multi-asset trader at Vanguard Markets
Fed's dovish stance bolsters global markets
Dollar slides and gold hits five-year highs on expectations of a forthcoming rate cut
Will risk appetite weaken further in Q3?
Brexit uncertainty and the threat of withdrawal without a trade deal has placed pressure on the pound
