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On Wednesday, United Arab Emirates equities headed south after the close because losses in the Consumer Staples, Real Estate & Construction as well as Services sectors suppressed stocks.
The DFM General went down 1.89% in Dubai reaching a fresh 3-months minimum. Meanwhile, the ADX General index sagged 1.14%.
On the DFM General the best performance was demonstrated by such benchmarks as Emirates NBD PJSC, National Cement Company P.S.C. and Dubai Investments PJSC. They rose respectively 2.20%, 0.00% and 0.00%.
As for losers, they were represented by National Central Cooling Co., DXB Entertainments and SHUAA Capital PSC. They declined 6.37%, 5.58% and 5.50% respectively.
Sagging stocks outperformed rallying equities on the Dubai Stock Exchange by 31 to 2, while 3 were intact.
The currency pair USD/AED went down 0.01% being worth 3.6728, EUR/AED jumped 0.10% trading at 4.2603.
The US Dollar Index Futures headed south 0.09% showing an outcome of 94.72.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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