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Qatari Riyal Crashes After Saudi Orders Banks To Cut Exposure
Article By:
Tyler Durden
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Wednesday, June 7, 2017 12:22 PM EDT
The Qatari Riyal plunged to record lows. Saudi Arabia’s central bank has ordered lenders in the country not to increase their exposure to any Qatari clients amid the worst crisis in relations among the Gulf Arab monarchies in decades.
Oil Seesaw Continues
Article By:
Phil Flynn
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Wednesday, June 7, 2017 9:48 AM EDT
An active night for global markets including a terror attack in Iran, the takeover of Banco Popular in Spain, not to mention the American Petroleum Institute Report that showed a big drop in crude supply but big increases in gasoline and distillates.
Gulf States Launch Naval Blockade Of Qatar
Article By:
Tyler Durden
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Tuesday, June 6, 2017 3:14 PM EDT
Container and oil terminals in the United Arab Emirates also closed off traffic to any ships touching Qatar.
Geopolitics Not Priced Into The Market... Yet
Article By:
Mark Vickery
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Tuesday, June 6, 2017 1:15 PM EDT
The S&P 500 remains above 2400 for the seventh straight day and the general tone in the stock market this week and last remains solid and steady overall.
Qatar In The Gutter
Article By:
Vivian Lewis
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Tuesday, June 6, 2017 8:03 AM EDT
Five Arab countries including Saudi Arabia, the Emirates, and Egypt have cut diplomatic ties and close their border with oil- and gas-rich Qatar, cutting air, sea, and land links and ordered their citizens to leave the country.
Drifting
Article By:
Marvin R Clark
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Tuesday, June 6, 2017 2:57 AM EDT
The markets were drifting yesterday. After hitting record highs Friday on a very weak May Jobs Report, there just wasn’t any good news to push the markets higher. There was a bit of negative or sideways news.
$9.2 Billion Wiped Out In Qatar Stock Rout: Surveying The Carnage
Article By:
The Heisenberg Report
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Monday, June 5, 2017 10:43 AM EDT
It was a rough day for financial assets in Qatar following a decision by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt to cut diplomatic ties.
In this article: QAT
Qatar Cut Off: Everything You Need To Know About Monday’s Mideast Earthquake
Article By:
The Heisenberg Report
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Monday, June 5, 2017 9:28 AM EDT
As you’ve probably heard by now, Saudi Arabia, Bahrain, the United Arab Emirates and Egypt have cut most diplomatic ties with Doha. Air and sea travel have been suspended to and from the Gulf emirate and Riyadh is closing land crossings.
In this article: OIL
"Crude" Terror Ties
Article By:
Phil Flynn
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Monday, June 5, 2017 9:07 AM EDT
Oil prices are getting a look at terror premium as four Arab Gulf States, led by Saudi Arabia, cut diplomatic ties with Qatar following the recent terror attack in London.
Oil Heads Higher As Countries Break With Qatar
Article By:
Daily Forex
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Monday, June 5, 2017 3:20 AM EDT
Both Brent crude and U.S. WTI futures were broadly higher during Monday’s Asian session as Saudi Arabia, Egypt, Bahrain and the UAE broke ties with Qatar on fears that Doha’s connections to terrorism would cause issues of national security.
Emerging Markets: Preview Of The Week Of June 5
Article By:
Marc Chandler
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Sunday, June 4, 2017 8:00 PM EDT
EM FX closed last week on a firm note as weak US jobs data supported the notion that the Fed will find it hard to tighten in H2. No major US data will be reported this week and the FOMC embargo for the June 14 will be in effect.
Trump, UK And The Middle East Drive Uncertainty
Article By:
GoldCore
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Thursday, June 1, 2017 11:36 AM EDT
Yesterday gold hit $1,273.74/oz, a level not seen for five weeks. Analysts point to some safe-haven demand for the yellow metal on account of the geopolitical tensions, upcoming UK elections and tomorrow’s non-farm payroll data.
In this article: GLD