The first phase of the project on Reem Island features two districts
business5 hours ago
Spain is said to be ready to request a euro zone bailout for its public finances though not, according to Spanish media, as soon as this weekend. However, European officials say Germany has signal led Spain should hold off. An aid request from Spain would pave the way for the European Central Bank to buy Spanish bonds.
“This sense of a better environment for risk assets is taking a small shine off rates,” said John Briggs, Treasury strategist at RBS Securities in Stamford, Connecticut.
A largely unexpected quarter-point rate cut to 3.25 percent by Australia’s central bank also favored risk assets over safe havens like German bunds and U.S. Treasuries.
“Australia eased, which wasn’t particularly expected, so that gave the ‘additional-stimulus-will-help-growth’ crowd a bit of a boost,” Briggs said.
A Reuters article reporting that Spain was willing to ask for aid was also seen as a positive development for riskier assets and a negative for safe-haven Treasuries, he said.
Consequently, riskier Spanish bond yields eased about 15 basis points and the spread between Spanish and safe-haven German bunds narrowed by about 18 basis points.
Still, Briggs said, the market is essentially recording small movements “within the framework of waiting for (September US) payrolls data on Friday.”
Economists polled by Reuters estimated nonfarm payrolls added 113,000 jobs in September.
Technical charts showed the recent rally in Treasury futures, which rose two points in the last two weeks of September, may be running out of steam and vulnerable to further falls. (Edi
The first phase of the project on Reem Island features two districts
business5 hours ago
The Dubai-born golfer shoots an opening round 69 at Spain’s stunning Fontanals Golf Club
sports6 hours ago
Judge Foglietta places lawsuit on hold for federal court consideration
americas6 hours ago
At least 158 people have been killed since a tremendously powerful Mediterranean storm this week dumped masses of rain over the country
uae6 hours ago
Seven restaurants were granted the Bib Gourmand award, including Beirut Sur Mer, Al Mayyas, Otoro, Tazal, and Al Mrzab
food6 hours ago
The initiative seeks to boost vaccination coverage as part of national measles elimination programme and global goal to eradicate the disease by 2030
uae6 hours ago
The Realize fund is the first tokenized fund to be domiciled out of the Abu Dhabi Global Market
business7 hours ago
The bidder has rejected Privatisation Commission's request to match the minimum bid
asia7 hours ago