Sunday 01, July 2012 by Dr. Nasser Saidi
DIFC Weekly Economic Commentary - 1 July 2012
The EU Summit bank recapitalisation deal led to a much needed boost in global equity markets. Though regional markets were mixed, the Presidential election results in Egypt led to a surge in the Cairo exchange. Following the EU Summit outcome, the euro recorded its biggest daily gain in the past eight months, oil prices increased and so did gold, with the latter posting its biggest gain in 6 months.
