Gulf Stocks Mixed, Oil Steady as Powell Probe Rattles Fed Independence
Market Intelligence Analysis
AI-PoweredGulf equities and oil futures are mixed in early trading as markets react to the probe against Federal Reserve Chair Jerome Powell, with some stocks like Saudi Arabian Mining Co and Dar Al Arkan Real Estate showing gains.
Market impact analysis based on neutral sentiment with 65% confidence.
Article Context
Gulf equities and oil futures were mixed in early Monday trading as markets weighed fresh legal proceedings against Federal Reserve Chair Jerome Powell. Brent crude for March delivery was up 0.30% to trade at $63.53/bbl at 11.43 am ET, while WTI crude for February delivery was trading up 0.14% to change hands at $59.20/bbl. Saudi Arabian Mining Co (1211.SE), was up 4.7% while Dar Al Arkan Real Estate (4300.SE) gained 3.6% after its subsidiary, Dar Global (DARD.L), announced it will launch Trump-branded luxury projects worth $10 billion. ESG Emirates…
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