Dubai stocks lead falls across Mideast equities
Expectations of hike in Fed interest rates this year push Brent crude lower
Dubai
DUBAI stocks dropped into a bear market, leading declines across most Middle Eastern equities after a US labour report increased expectations that the Federal Reserve will lift interest rates this year, pushing Brent crude lower.
The DFM General Index slid 3 per cent to 3,347.23 on Sunday, the lowest level since December and the biggest drop in more than two months. The gauge has entered a bear market after fal…
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