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Gulf Stocks Decline After Fed Rate Bets Sink Emerging Markets
Most Gulf stocks dropped, tracking a retreat in emerging markets on Friday as U.S. jobs data spurred speculation the Federal Reserve will raise interest rates this year, diminishing the appeal of riskier assets. Saudi Arabia’s Tadawul All Share Index, whose 10-day volatility surged to the highest since February, tumbled 2.2…
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Click here to read the full story: Bloomberg