Amman - Arab stock markets reacted positively but cautiously to the election of Barack Obama as next US president with investors trying to evaluate the choices open to the new administration to deal with the gruelling economic downturn, financial analysts said Friday.
"Markets sighed relief over the election of Obama, because markets have been under the impression that McCain's win could aggravate the global financial crisis," Nizar Taher, chief of brokerage at the Jordan Ahli Bank, told Deutsche Presse-Agentur dpa.
Damascus, Cairo - Officials across the Arab World reacted with shock and outrage Monday at a US military raid that reportedly killed eight people - allegedly including children - in a small Syrian town Sunday.
Amman - Arab stock markets tumbled this week as panicked investors dumped shares to avert worse repercussions of the global recession despite steps taken by financial authorities to replenish liquidity shortages, financial analysts said Friday.
Amman - Arab stock markets fluctuated violently this week, reflecting turmoil on the world markets and lack of confidence that measures taken by the world's largest economies could succeed in handling the global financial crisis, financial analysts said Friday.
Amman - Arab stock markets plummeted on Wednesday after two days of strong gains, apparently in response to declines at the Wall Street and Asian markets and fears that a world recession has already ushered in, financial analysts said.
Amman - Arab stock markets rallied for the second day in a row Tuesday, buoyed by rebounds in global markets following the rescue plan adopted by major European countries.
