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Gulf markets rise as investors await US inflation data and Fed decisions

Most Gulf stock markets rose in early trading as investors anticipated U.S. inflation data. Economists predict the Federal Reserve will cut interest rates by 25 basis points at its December 18 meeting, with a pause expected in late January due to inflation concerns. Oil prices increased amid expectations of rising demand from China following its announcement of looser monetary policies. Additionally, the UAE will implement a 15% minimum top-up tax on large multinationals starting in January to enhance non-oil revenue.
reuters.com
United States Dollar United Arab Emirates Dirham Chinese Yuan Saudi Riyal ARE USA CHN Sumana Nandy Show more
Finance & Economy, Market Report
09:34 11.12.2024
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