GCC Pulse Drops 0.64% as Kuwait Defies Broad Gulf Selloff
Masadir GCC Pulse fell 0.64% after four Gulf markets closed lower, while Kuwait outperformed with a 0.65% gain at Tuesday's close.
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Masadir GCC Pulse fell 0.64% after four Gulf markets closed lower, while Kuwait outperformed with a 0.65% gain at Tuesday's close.
Japan's Nikkei fell for a second day as a global technology selloff and expectations of further BOJ rate hikes pressured investor sentiment.
Dubai and Abu Dhabi stocks fell despite strong turnover of AED 3.52 billion, as investors locked in gains across major UAE equities.
Masadir GCC Pulse rose 0.51% and reached a one-month high of 99.32, led by strong gains in UAE equities despite a divergent regional market.
Jordan's ASE Index closed above 4,000 points as gains in banking and financial stocks offset weakness in mining and energy shares.
Egypt's EGX 30 gained 0.60% on Monday, extending its year-to-date advance to 25%, while the dollar-denominated index climbed 2.04%.
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On an annual basis, headline PCE inflation is projected to accelerate to 3.8% from 3.5%, reaching its highest level since May 2023.
India imports the majority of its crude oil requirements, making the rupee, inflation outlook and broader equity sentiment highly sensitive
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