KSA ministry acquires Kuwaiti Arabic dictionary

KSA ministry acquires Kuwaiti Arabic dictionary

Global Markets – world stocks nudge up, bonds rally in bright end to grim quarter

LONDON: World shares nudged higher on Friday, while better-than-expected euro zone inflation data boosted government bonds, with both asset classes still set for their worst quarter in a year in response to central banks’ pledge to keep interest rates high, according to Reuters.

MSCI’s broad index of global stocks gained 0.4 percent on Friday, while European and US government bonds rallied strongly to reflect markets resetting interest rate bets.

In a surprise bout of good news for hawkish central banks, data showed headline inflation in the euro area rose 4.3 percent in September year-on-year, below economists’ forecasts for a 4.5 percent rise and its lowest in two years.

The yield on Germany’s two-year bond, which tracks rate expectations and falls as the price of the debt rises, dropped 7 basis points to 3.23 percent.

Germany’s 10-year government bond yield fell 12 bps to 2.848 percent, with the euro area debt benchmark heading for its best trading day in more than a month.

And with strong sentiment flowing across the Atlantic, the yield on the 10-year US Treasury fell 6 bps to 4.6 percent.

That provided a bright end to a torrid quarter