Nasdaq Dubai exchange launched futures contracts on Sunday covering the main indexes of the country’s two main stock markets in Abu Dhabi and Dubai.
Next week’s full-year results from HSBC (HSBA.L), Lloyds (LLOY.L), Barclays (BARC.L) and RBS (RBS.L) will be crucial.
The MSCI world index of stocks, which tracks shares in 47 countries, was up 0.4 percent.
Asian shares rose for a fifth straight day as investor confidence slowly returns after a sharp sell-off earlier in the month, but the dollar continued its descent.
Stocks, bond yields steamed higher while the dollar tumbled, as investors suddenly seemed to forget the inflation fears blamed for a brutal market sell-off.
Blue-chip indexes in London .FTSE, Paris .FCHI and Frankfurt .GDAXI were up around 0.7 percent each.
Asian share markets turned mixed as investor nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.
World shares staggered higher after suffering their worst week in two years, attempting to brush off fresh rises in global bond yields.
If US inflation does accelerate, markets could see Treasury yields get above the 3% level that several investment banks had set as their year-end target.
For MSCI’s broadest index of world shares, the 47-country ACWI the slump was 6.2 percent, which as long as it is still more than 6.1 percent.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
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