by Jibran Munaf | September 6, 2024 | Market Analysis & Commentary
Nobel Prize-winning economist Joseph Stiglitz has called for the Federal Reserve to make a significant rate cut at its next meeting, arguing that the central bank went “too far, too fast” with its recent rate hikes. Stiglitz believes these aggressive moves...
by Jibran Munaf | September 2, 2024 | Commodities, Market Analysis & Commentary
Gold prices in the UAE are expected to rise further in the coming months, building on a nearly 21% gain this year. Analysts predict that the price of gold could reach $3,000 per ounce in the medium term due to several global economic factors. The surge in gold prices...
by Jibran Munaf | August 28, 2024 | Currencies, Finance, Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets hovered near record highs on Wednesday as investors awaited crucial earnings results from Nvidia, a key player in the semiconductor industry. Meanwhile, the British pound reached a 2.5-year high as traders speculated that the Bank of England would...
by Vasu Jit Kalia | August 28, 2024 | Market Analysis & Commentary, Markets
At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the second consecutive day when the National Stock Exchange (NSE) benchmark closed above 25,000. Strong buying was seen in the midcap and...
by Jibran Munaf | August 26, 2024 | Commodities, Derivatives, Market Analysis & Commentary, Markets
Investors react to geopolitical uncertainties and hints of potential U.S. rate cuts. Asia-Pacific markets were mixed on Monday as tensions in the Middle East escalated, with Israel and Hezbollah exchanging strikes. At the same time, investors were digesting dovish...
by Jibran Munaf | August 24, 2024 | Economy, Market Analysis & Commentary, News
Fed Chair Jerome Powell indicates a potential policy change, setting the stage for the first rate cut since 2020 amid signs of economic stability. The Federal Reserve is poised to pivot toward lower interest rates as it signals a shift in its monetary policy strategy,...
