European stock futures fell as investors awaited a U.S report that may show the cost of living in America rose at a slower pace in March and as China’s growth eased more than forecast last quarter. Asian stocks climbed while U.S. index futures retreated.
L’Oreal SA, the world’s largest cosmetics maker, may move after first-quarter sales topped analyst estimates. Bayer AG (BAYN), Germany’s largest drugmaker, might be active as it was said to pay at least $110 million to settle about 500 lawsuits over claims that a line of birth-control pills caused blood clots. EON AG may move after Frankfurter Allgemeine Zeitung reported it will probably see interested parties reducing their offers for its energy-from-waste unit in the next round.
Mideast funds bullish on Kingdom, bearish on UAE
Middle East funds are heavily bullish toward Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of concern
UAE and Egypt indices rise on earnings
Stock markets in the United Arab Emirates and Egypt rose on Thursday on the back of strong second-quarter earnings at banks and expectations for similar performances by real estate developers.
Bahrain remains investor-friendly
Bahrain's business environment continues to attract inward investment although there is increasing competition within the region, according to a new report.