On Tuesday, the Dubai's index achieves a 34-month closing high as so-called a "smart money" from the foreign investors buys into the emirate's economic recovery. Ahead of Tuesday, the Bluechips lead the gains. Emaar Properties jumps 3.7 % and the top bank Emirates NBD (ENBD) soars 8.6 % to a 14-month high.
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On Monday, the world stock markets drifted as the investors awaited release of a key data for a clearer picture of the strength of the U.S. economic recovery this week. The European stocks recently budged in early trading. Britain's FTSE 100 closed less than 2 points higher at 6,258.88. Germany's DAX was down 0.1 % to 7,853.55. France's CAC-40 also slumped about 0.1 % to 3,775.14. The Wall Street appeared headed without drama. The Dow Jones industrial futures climbed less than 0.1 % to 13,818. The S&P 500 futures remained unchanged at 1,495.80.
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On Monday, the European shares slightly back from two-year highs early and the number of indicators suggested a bullish run for markets at the start of this year that could be hitting its peak. The FTSEurofirst 300 slid 1.55 points, or 0.1%, to 1,173.26, which compared to a near two-year high of 1,174.81 achieved on Friday.
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The market propelled by a good news on the US House of Representatives' approval of laws for extending the public debt ceiling about three months, decreasing risks for the likely downgrade of the US credit level that could happen next month. The Trinity has studied the fund flows' impact on the SET Index, as far as a buying value is concerned. While, all foreign investors averaged more than Bt10 billion per day.
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