The Month That Was - A much needed positive month

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• Following the worst ever start to a year in recent times, MENA markets rebounded in February as oil price headed north  • UAE invest.....

Summary

• Following the worst ever start to a year in recent times, MENA markets rebounded in February as oil price headed north 
• UAE investors chased small- and mid-cap stocks to take advantage of cheaper prices after the January carnage. 
• Volumes and value traded across the region improved, as investors returned to the markets buoyed by oil surge 
• Blue Chips had a good month, with Kuwait Food, Emaar Properties and First Gulf Bank leading the charge, while Emirates NBD and NCB lagged behind 
• Another negative month for S&P 500, as speculation over rate hikes and failure of G20 to address global economy ills pulled the index down 
• Inflation in Germany is back down to zero percent in February, adding pressure on the European Central Bank (ECB) for more stimulus to avert possible deflation in the wider euro area. 
• Amid sovereign rate cuts, GCC nations are attempting to bridge their deficit with a combination of syndicated loans and international bond issuances 
• China's measures to boost economy and oil producers trying to find consensus provided cheer to the oil markets

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The Month That Was - A much needed positive month

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