Stock markets in the Middle East back down with the expectations of US rate hike
Most stock markets landed in the Middle East with expectations for higher interest rates in the United States in December, which is the fragility of investor sentiment in the region appears in the face of declining oil prices.
And it rose in the US short-term bond yields to their highest level in five years on Friday after strong data extremely Jobs in the United States for October reinforced expectations that the Federal Reserve raises (US central bank) interest rates before the end of the year.
Oil prices have fallen by about two percent with the closing of the global Brent crude below $ 48 a barrel. The reason for this damage to producers of petrochemicals with drop Saudi Basic Industries Corp (SABIC) 1.5 Almih.anthy 29 quarters e
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