by Jibran Munaf | August 16, 2024 | Corporate Finance, Finance, News, Wealth Management
A popular yen-centered carry trade that blew up spectacularly two weeks ago is staging a comeback. Japan’s currency has weakened more than 5% against the dollar since August 5, when a cocktail of hawkish Japan monetary policy moves, jitters around US earnings, and a...
by Jibran Munaf | August 15, 2024 | Currencies, Economy, Finance, Markets, News
The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S. Consumer Price Index (CPI) showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. U.S. CPI rose...
by Jibran Munaf | August 15, 2024 | Commodities, Derivatives, Finance, Markets, News
Gold prices fell 1% on Wednesday after data showed U.S. consumer prices rebounded as expected in July, dampening hopes for a sizeable rate cut from the Federal Reserve next month. Spot gold fell about 1% to $2,440.62 per ounce by 1637 GMT. U.S. gold futures slipped...
by Jibran Munaf | August 15, 2024 | Finance, Market Commentary, News, Stocks & Bonds
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic report. The PwC Middle East’s latest IPO+ Watch said that notable IPOs in the second quarter included Alef Education...
by Jibran Munaf | August 15, 2024 | Breaking, Economy, Finance, News
Powered by a vibrant non-oil sector, the economy of the UAE, the second largest in the Arab world, continues to demonstrate robust growth, the Organisation of the Petroleum Countries (Opec) said. The UAE’s robust economic policies and strategic international...
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
