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Stock markets in United Arab Emirates declined on Friday, in line with global equities after a bigger-than-expected hike in U.S. inflation dashed hopes of early rate cut. MSCI’S global equity index was down 0.2%, while Hong Kong’s Hang Seng Index slid 1.4%. The mood turned cautious after a bigger-than-expected rise in producer prices in U.S. data on Thursday added to a hot consumer inflation reading earlier in the week.

MSCI’S global equity index was down 0.2% on Friday and flat for the week, following a strong rally for most of the first quarter of the year

A total of 134 countries representing 98 percent of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, a closely-followed study on Thursday showed.

Trading volumes of Saudi equities have unexpectedly surged this year in a big boost to the stock exchange operator Saudi Tadawul Group Holding Co.

Bitcoin raced to an all-time peak above $72,000 Monday as the world’s most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.

LONDON – The dollar index was set for its sharpest weekly drop since mid-December on Friday ahead of U.S. payrolls data, as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months.

The European common currency is gaining popularity among central bank reserve managers around the world

Bitcoin, which has just hit a record price of $69,000, is the most famous cryptocurrency, but remains shrouded in mystery and controversy.

Most stock markets in the Gulf ended lower on Tuesday on falling oil prices as China’s economic reforms underwhelmed investors, although the Saudi index bucked the trend. Crude prices – a catalyst for the Gulf’s financial markets – slipped for a second day as concern over China’s plan for growth and uncertainty over the pace of U.S. interest rate cuts offset the prospect of a tighter market due to continued OPEC+ supply restraint.

The MSCI GCC Index remained elevated by the end of the month and closed after receding marginally in the last week with gain of 4.2%