Saudi Stocks Face Rising Risks as Regional Conflict Deepens

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 54 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 63%

Bloomberg Nachrichten

Oil Prices,Chief Executive Officer,Saudi Arabia

(Bloomberg) -- The Saudi stock market is wobbling after a summer rally, with the Riyadh bourse enduring its worst fourth-quarter start in years as regional...

-- The Saudi stock market is wobbling after a summer rally, with the Riyadh bourse enduring its worst fourth-quarter start in years as regional tensions soar.The Tadawul All Share Index index shed 2.2% in the first three trading days of October, as Israel intensified its campaign against Iran-backed Hezbollah and weighed retaliation for Tehran’s missile attacks.

Jassim Al-Jubran, head of sell-side research at Aljazira Capital, said the market should remain under pressure in the short-term. He sees the Tadawul index falling to as low as 11,380 points — about 5% from the last close — but said it could rally by the same amount if conditions improve in the region.

Brent crude futures have risen on fears of oil supply disruptions, but they remain below $80 a barrel. That’s far off the $96 level the kingdom needs to balance its books, according to the International Monetary Fund. Bloomberg Intelligence puts the so-called breakeven at $112 when considered spending by Saudi Arabia’s sovereign wealth fund known as the PIF.

Sunday with Michel Roux: ‘Where’s the coffee? Good quality coffee. Never instant. I can’t abide instant’ LOS ANGELES — Shohei Ohtani hit a three-run homer in his postseason debut, Teoscar Hernández’s two-run single gave Los Angeles its first lead in a playoff game in two years, and the Dodgers beat the San Diego Padres 7-5 in their NL Division Series opener Saturday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US crypto stocks fall on rising bets of Harris win after presidential debateU.S. cryptocurrency stocks fell in premarket trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival Donald Trump on the...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

U.S. crypto stocks fall on rising bets of Harris win after presidential debateBitcoin, the world’s largest cryptocurrency, was down 1.6% on Wednesday, while ether fell 2%
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Why software stocks are outperforming chip stocksYahoo Finance markets and data editor Jared Blikre takes a look at broader market trends as stocks continue their rally. This ongoing rally was sparked by...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Investor focus turns to data, election, earnings after Fed cutA roaring rally in U.S. stocks will face some big tests
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »