European shares fell to a three-month low in brisk volume on Monday and braced for a bumpy ride as worsening global economic conditions and political uncertainty in France and the Netherlands threatened to deepen the euro zone's crisis.
The pan-European FTSEurofirst 300 index fell 24.32 points, or 2.3 percent, to 1,021.76, a level not seen since mid-January, having traded 123.2 percent of its 90-day volume average.
The plunge came as data showed the euro zone's private sector unexpectedly slumped in April, denting the demand outlook for European corporates and potentially hampering governments' efforts to balance their budgets.
The advance in UAE markets stalls
The Dubai Financial Market General Index (DFMGI) fell by 77.18 or 1.59 per cent last week, ending at 4,762.21. Volume also fell, hitting a six-week low, while declining issues were a little more than
JPMorgan leaps to No 2 for Gulf bonds
JPMorgan Chase & Co is gaining ground in the debt markets of Gulf Co-operation Council states after the biggest US bank helped manage this month’s Islamic bond sale by Saudi Arabia’s utility.
QE Weekly Market Report
The Qatar Exchange (QE) Index gained 153.77 points, or 1.24%, during the trading week, to close at 12,550.98 points. Market capitalisation increased by 2.73% to reach QR728.6bn as compared to QR709.2