UAE Stocks Retreat Despite AED 3.52 Billion Turnover as Investors Take Profits
Dubai and Abu Dhabi stocks fell despite strong turnover of AED 3.52 billion, as investors locked in gains across major UAE equities.
German Inflation Hits Three-Year High as DAX Rallies and ECB Rate Bets Build
German producer inflation hit a three-year high as the DAX rallied and rising Bund yields reinforced expectations of further ECB rate hikes.
Dollar Near One-Year High as Hawkish Fed Fuels Rate Hike Bets
The dollar hovered near a one-year high as hawkish Fed signals and elevated Treasury yields increased expectations of another US rate hike.
SpaceX Falls to $185 as Four-Week Selloff Deepens to 37%
SpaceX fell 3.56% to $185, extending its four-week decline to 37%, as investors reassess the valuation of Elon Musk's space and satellite giant.
UK Retail Sales Jump 1.2% in Surprise Boost to Economy
UK retail sales rose 1.2% in May, beating forecasts and signaling consumer resilience despite higher energy prices and slowing growth.
US Gasoline Falls Below $4 a Gallon After Preliminary Iran Deal
Average US gasoline prices fell below $4 a gallon after the preliminary US-Iran deal and the reopening of the Strait of Hormuz eased oil prices.
Kuwait Offers Crude Cargoes After Lifting Force Majeure and Resuming Exports
Kuwait has offered crude oil cargoes for July delivery after lifting force majeure and resuming exports following the reopening of the Strait of Hormu
GCC Pulse Climbs 0.51% as UAE Stocks Lead Regional Recovery
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.
GCC Stocks Close Mixed as Dubai Jumps and Abu Dhabi Extends Rally
Dubai surged 2.51% and Abu Dhabi gained 1.17% as Gulf markets closed mixed, while Saudi Arabia edged higher and Qatar and Kuwait retreated.
UAE Moves to Ban Social Media Accounts for Children Under 15
The UAE will prohibit social media accounts for children under 15 and require platforms to implement robust age-verification measures.
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