Stocks climb amid easing political uncertainty
Stocks closed higher in the first week after long Eid holidays, as investor optimism over easing political uncertainty outweighed concerns over the escalating Iran-Israel conflict.As investors showed buying interest in selective blue-chip shares, key indices posted gains despite ongoing geopolitical tensions in the Middle East. Market operators said improving investor...
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Global equity funds log biggest outflows in three months on Mideast tensions
Global equity funds recorded net outflows of $19.82 billion for the week ended June 18, the largest in three months, as escalating Middle East tensions and lingering uncertainty over US trade policies dampened investor sentiment, reports Reuters. Investors divested a net $19.82 billion from global equity funds during the week,...
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ISLAMI BANK HOLDS ENTREPRENEURSHIP DEVELOPMENT PROGRAMME
The closing ceremony of 'Entrepreneurship Development Programme' was held at the Islami Bank Training and Research Academy (IBTRA) Auditorium in Dhaka on Thursday. The IBTRA organised the month-long programme under the supervision of Bangladesh Bank. Husne Ara Shikha, executive director of Bangladesh Bank, addressed the closing ceremony as the chief...
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BofA raises STOXX 600 index target to 530 points
BofA Global Research on Friday raised its year-end target for the pan-European STOXX 600 index to 530 from 500 on resilience in global growth following a US-China trade truce, reports Reuters.European equities remain close to all-time highs despite the global trade war and escalating tensions in the Israel-Iran conflict, the...
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Asia-Pacific markets trade mixed
Asia-Pacific markets traded mixed on Friday after China kept benchmark rates steady, while investors monitored escalating tensions between Israel and Iran, reports CNBC.US President Donald Trump is now weighing whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision within...
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