Saudi, British FMs discuss regional developments in phone call    Saudi Arabia unveils new skill-based system for expatriate work permits Classification for existing workers began on June 18 while July 1 set for newcomers    New Saudi embassy building inaugurated in Moscow    Nearly 17 million foreign pilgrims perform Umrah in 2024, up 101% from 2022 Makkah ranks 5th globally in number of international visitors    Saudi Arabia reaffirms dedication to achieving equitable and sustainable digital development    Over 80,000 commercial registrations issued in 2Q 2025, bringing total to 1.7 million    Elon Musk announces launch of new political party amid fallout with Trump    UK Foreign Secretary makes historic visit to Syria    Khamenei makes first public appearance since Iran–Israel war    Desperate search continues as Texas flood kills 51, including 15 children 27 girls from summer camp still missing    Riot Games responds to match-fixing allegations in VALORANT    BLAST responds to BESTIA Visa controversy ahead of CS2 Austin major    Christophe Galtier named NEOM SC head coach ahead of historic Saudi Pro League debut    Level Up Docuseries launches June 6 on Prime Video    OPEC+ further accelerates oil output hike by 548,000 bpd in August    Saudi Arabia tops global ICT Development Index for 2025    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Oil, euro, stocks slip after ECB downplays bond report
Published in The Saudi Gazette on 21 - 08 - 2012

NEW YORK – Global shares slid, oil prices and the euro wavered Monday after the European Central Bank sought to squash speculation about the potential shape of market intervention to contain the euro zone debt crisis, damping recent investor enthusiasm for risk.
Oil prices reverse course after a four-session climb and are falling as concerns resurface about Europe's economy.
Benchmark oil fell 61 cents to $95.40 in morning trading on the New York Mercantile Exchange. Brent crude dropped 44 cents to $113.27 in London.
Leading European stock markets posted modest losses on Monday, with London's FTSE 100 index of top companies closing 0.48 percent lower at 5,824.37 points. The FTSEurofirst 300 closed down 5.3 points, or 0.5 percent, at 1,104.86.
In Frankfurt, the DAX 30 dipped by 0.10 percent to 7,033.68 points, while in Paris the CAC 40 slid 0.22 percent to 3,480.58 points.
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On Wall Street, The Dow Jones industrial average was down 13.67 points, or 0.10 percent, at 13,261.53.
The Standard & Poor's 500 Index was down 2.36 points, or 0.17 percent, at 1,415.80. The Nasdaq Composite Index was down 6.07 points, or 0.20 percent, at 3,070.52.
The euro traded near break-even, off a tad at $1.2341. The US Dollar Index was down 0.1 percent at 82.487. The euro's slide is expected to be limited, with the chance of the ECB taking action once the summer holiday season ends. – Agencies


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