Asian stock markets have rallied at the end of the trading week. The move came after a slight rebound in oil prices, and hints that the European Central Bank (ECB) may act to stimulate the eurozone economy. European indices have also opened higher. It follows a slump in stock markets earlier in the week on concerns about oil, China's economy, and global growth. Danny Cox of stockbroker Hargreaves Lansdown, says the ECB's chief has played a role in boosting stocks.
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Australia, EU seal long-awaited trade deal
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
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The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
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The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets.
Business leaders highlight Dubai’s resilience amid global developments
Chairpersons of several country business councils operating under the Dubai Chamber of Commerce say the emirate is reinforcing its global reputation for resilience and agility amid global challenges.
