Tadawul bourse shows some form of exhaustion

Gulf wealth funds opting for private equity investments
Sovereign wealth funds in the Gulf region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in a new study.

Markets erase morning gains, trade flat
Markets have erased gains and is in the red this morning. The Sensex, after touching a high of 20,289, is now down 17 points at 20,207. Nifty is down 13 points at 6,143.

In the near-term,

U.S. 10-Year Yield at Almost 2-Month High Before Bernanke Speaks
Treasury 10-year note yields were close to a two-month high before Federal Reserve Chairman Ben S. Bernanke discusses the economic outlook in congressional testimony tomorrow.

Fed Bank of Ch

Volkswagen China sales up 18.4% in January to April
Volkswagen AG has announced that its passenger car sales in China increased 18.4% YoY to 1.02 million vehicles in the first four months of this year.

The figure accounted for nearly one-th

Gains in China new home prices signal growth
Bloomberg reported that China’s new home prices rose last month in 68 out of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property mark