Al Maktoum International Airport expansion boosts real estate demand in Dubai South in the long term
The Dubai South region is still untouched and offers attractive investment opportunities
Even S&P 500 futures dipped 0.2 per cent, although that followed five straight sessions of gains.
Asian investors turned more circumspect because of the military face-off in the South China Sea, as Washington blacklisted 24 Chinese companies while Beijing reportedly test fired missiles into the area on Wednesday.
Yet markets globally are still focused on the endless liquidity being pumped out by central banks.
Federal Reserve Chair Jerome Powell is expected to outline a more flexible approach to policy on Thursday including a shift to targeting an average inflation rate around 2 per cent that will allow rates to stay super-low for longer.
"So with US-China tensions seemingly not a major concern, the deluge of fiscal and monetary support remains the overriding tail wind for risk assets with large cap the beneficiaries," said Rodrigo Catril, a senior FX strategist at NAB.
The Dow ended Wednesday up 0.3 per cent, while the S&P 500 climbed 1.02 per cent and the Nasdaq 1.73 per cent. Gains were again concentrated in the tech majors with Netflix Inc surging 11.6 per cent and Facebook Inc 8.2 per cent.
The liquid largesse from central banks has kept sovereign bonds well supported even as stocks reach new highs. Yields on 10-year Treasuries have steadied at 0.68 per cent, after finding solid bids around 0.73 per cent.
At the same time, the prospect of even more easing from the Fed has kept the dollar on the defensive. Against a basket of currencies, it was stuck at 92.921 on Thursday and uncomfortably close to the recent two-year trough of 92.124.
The euro held at $1.1832 and near its recent top of $1.1965, while the dollar backed off to 106.02 yen from a high of 106.57 earlier in the week.
The dollar has also been steadily trending lower on the Chinese yuan to reach depths not seen since mid-January at 6.885 yuan.
In commodity markets, gold eased back to $1,943 an ounce and remains short of its August peak of $2,072.
Oil prices were underpinned as US producers shut output in the Gulf of Mexico ahead of Hurricane Laura.
Brent crude futures edged up 5 cents to $45.69 a barrel, while US crude dipped 5 cents to $43.34.
The Dubai South region is still untouched and offers attractive investment opportunities
Deshpande claimed two wickets and gave away 35 runs in his four-over spell as Chennai, who made 167 for nine, restricted Punjab to 139 for nine
Hill rose to prominence with his portrayal of Yosser Hughes in the acclaimed BBC TV drama 'Boys from the Blackstuff'
The rains have also triggered landslides and the partial collapse of a dam
Oil revenues reached 181.922 billion riyals
Israel and Hamas blame each other as Netanyahu rules out the group's demand for an end to the war in exchange for the freeing of hostages
Sheikh Mohammed issues decree, forming the council chaired by the Dubai Ruler
The campaign was launched today, May 5, and will continue till the end of this month