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Major Gulf stocks fall Thursday as heavyweight financial stocks decline across the region. Saudi Arabia's Tadawul All Share Index falls 0.8%, Qatar's QE Index loses 0.7%, Abu Dhabi's benchmark index declines 0.6% and the Dubai Financial Market General Index drops 0.4%. Al Rajhi Bank falls 2.0%, Emi…
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.