by Jibran Munaf | October 23, 2024 | Market Analysis & Commentary, Markets
As Election Day nears on November 5, 2024, Donald Trump’s company, Trump Technology and Media Group (DJT), has become a proxy for betting on the presidential race. If Trump wins, DJT is expected to grow into a central hub for the president’s activities via...
by Jibran Munaf | October 21, 2024 | Market Analysis & Commentary, Markets
Futures tracking the S&P 500 and Dow Jones Industrial Average held steady on Monday, while Nasdaq futures dipped as investors braced for a busy earnings week that could either stall or accelerate Wall Street’s recent rally. As of 5:19 a.m. ET, Dow E-minis edged up...
by Jibran Munaf | October 5, 2024 | Market Analysis & Commentary, Markets
Global stocks edged higher on Friday as markets remained on alert over escalating tensions in the Middle East and awaited the release of critical U.S. jobs data. Oil prices surged, marking their biggest weekly gain in two years, driven by heightened geopolitical...
by Jibran Munaf | September 22, 2024 | Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets dipped on Friday following a rally sparked by the US Federal Reserve’s decision to cut interest rates. The move, which reduced the rate by 50 basis points, initially boosted investor confidence, leading to record highs for major indices....
by Jibran Munaf | September 21, 2024 | Commodities, Market Analysis & Commentary
Gold prices skyrocketed above the $2,600 threshold on Friday, driven by expectations of further U.S. interest rate cuts and escalating geopolitical tensions in the Middle East. This marks the first time gold has crossed the historic $2,600 mark, adding momentum to a...
by Vasu Jit Kalia | September 17, 2024 | Commodities, Market Analysis & Commentary, Markets
Gold prices in the UAE have lost one-and-a-half dirhams per gram at the opening of the markets in Dubai on Tuesday, dropping from an all-time high of AED313.5 per gram at the close of the markets on Monday. According to Dubai Jewellery Group data, the 24K variant was...
