Saudi Arabia cuts diplomatic ties with Iran

Market news

4 January 2016

Saudi Arabia cuts diplomatic ties with Iran

The Saudi Arabian government said on Sunday that it had broken off diplomatic ties with Iran. The government has given Iranian diplomats two days to leave Saudi Arabia.

Bahrain and Sudan joined Saudi Arabia and cut ties with Iran.

The United Arab Emirates said that it would downgrade its diplomatic team in Iran.

The situation escalated after Saudi Arabia executed a Shia Muslim cleric.

Before the bell: S&P futures -1.82%, NASDAQ futures -2.15%

Italy’s manufacturing PMI rises to 55.6 in December, the highest level since March 2011

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.