Gulf bourses drop ahead of US inflation data; Egypt extends losses
Posted on AllSides March 28th, 2024
From The Center
Investors speak in front of a screen displaying stock information at the Abu Dhabi Securities Exchange, United Arab Emirates June 25, 2014. REUTERS/Stringer/File Photo Purchase Licensing Rights , opens new tab March 28 (Reuters) - Stock markets in the Gulf declined on Thursday, as investors awaited key inflation data due on Friday to assess the likely path of interest rates from the U.S. Federal Reserve. Most Gulf currencies are pegged to the dollar and any U.S. monetary policy change is usually mimicked by Saudi Arabia, the United Arab Emirates and...