Kuwait Stocks Lead Decline in Middle East on Concern About Global Growth
Kuwait stocks lost the most in two weeks, leading a decline in Middle East markets, on concern Europe’s debt crisis will slow the global economic recovery and speculation Gulf earnings may disappoint. Israel shares fell. The Kuwait SE Price Index slid 0.8 percent, the most since June 14, to 6,571. Agility led the drop, slumping to the lowest since 2003, after U.S. federal prosecutors said the logistics company may still be overbilling the American government. Saudi Arabia’s benchmark lost 0.6 percent. The TA-25 Index declined 0.7 percent to 1,086.49, the lowest close since June 8, as Israel’s largest communications company, Bezeq Israeli Telecommunication Corp., retreated.
Kuwait stocks lost the most in two weeks, leading a decline in Middle East markets, on concern Europe’s debt crisis will slow the global economic recovery and speculation Gulf earnings may disappoint. Israel shares fell. The Kuwait SE Price Index slid 0.8 percent, the most since June 14, to 6,571. Agility led the drop, slumping to the lowest since 2003, after U.S. federal prosecutors said the logistics company may still be overbilling the American government. Saudi Arabia’s benchmark lost 0.6 percent. The TA-25 Index declined 0.7 percent to 1,086.49, the lowest close since June 8, as Israel’s largest communications company, Bezeq Israeli Telecommunication Corp., retreated.
Gold Settles Above $1,256 on Financial Uncertainty a confirmation we could see $ 1,400 - 500 sooner than initially expected?
Will stick to that for now,
Dark clouds gathering on the horizon
Looking for another slide in risk assets
Sterling reacts well to budget
Looking for another slide in risk assets
Sterling reacts well to budget
And
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