Most stock markets in the Gulf ended higher on Tuesday on bets for an imminent end to U.S. interest rate hikes, although the Saudi index eased on volatile energy prices.
A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further.
There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt.
Most stock markets in the Gulf ended higher on Monday, extending gains as investors ramped up their bets for an imminent end to U.S. interest rate hikes.