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Market

US stocks correction confuses investors
It’s been more than three years since the S&P 500 has dropped 10 per cent or more.
No floor price in sight for oil
Crude falls on reports of rise in Opec’s output in Dec; gold rallies amid volatility
Swiss franc’s massive surge claims brokerage firm scalps
The scale and speed of the move in what is one of the world’s most-traded currencies caught many financial firms unprepared.
Euro bonds rally, shares sink in Swiss aftershock
Investors make a fresh grab for top-rated government bonds
DIB sukuk may open window for Gulf bond issues
The capital-boosting sukuk sale, with a perpetual tenor, was priced after generating $2 billion of demand nearly two months since the last deal was priced in the region.
Gold rises to 4-month high on tumbling shares
Spot gold rose as much as 2.4 per cent to its highest level since September at $1,260.30 an ounce in earlier trade.
Moody’s sees oil prices rebounding in long term
The oil producers in the GCC including the UAE also believe that crude prices will bounce back.
Flydubai’s $500m sukuk listed on Nasdaq Dubai
It was the 18th sukuk to have listed on Nasdaq Dubai since the beginning of 2014.
Gulf stocks edge up as oil link weakens
Most Gulf bourses opened lower against that background, but then moved into positive territory even as oil plunged further.
Europe stocks climb with S&P 500 Futures
The Stoxx Europe 600 Index advanced one per cent at 10:50 am in London, and S&P 500 contracts were 0.6 per cent higher.
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