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,...
by Vasu Jit Kalia | August 20, 2024 | Market Analysis & Commentary
The global spending on artificial intelligence (AI), including AI-enabled applications, infrastructure and related IT and business services, is likely to reach $632 billion by 2028, a new report said on Monday. The rapid incorporation of AI, and generative AI (GenAI)...
by Jibran Munaf | August 19, 2024 | Economy, Market Commentary, Markets, News
The pan-European Stoxx 600 index was up 0.27% by 12:47 p.m. London time, with the majority of sectors and major bourses trading in the green. Food and beverage stocks led losses, down 0.21%, while retail climbed 1.16%. Rheinmetall shares fell as much as 5% on reports...
by Vasu Jit Kalia | August 19, 2024 | Commodities, Markets
The prices of Gold on Monday slipped Dh1 per gram after hitting an all-time high over the weekend, surpassing Dh300 per gram. In the UAE, the 24K variant of the yellow metal was trading at Dh302.75 per gram on Monday morning, down Dh1 from last week’s close. The Gold...
by Jibran Munaf | August 19, 2024 | Derivatives, Energy, Industry, News
The 37th OPEC and non-OPEC Ministerial Meeting decided to extend the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) starting 1 January 2025 until 31 December 2025. Participating Countries...
by Jibran Munaf | August 16, 2024 | Commodities, Editorials, News
Gold has been used as money for thousands of years. Over the centuries, as the metal took its place as one of the underpinnings of the global financial system, it evolved from simple coins to complex financial instruments traded around the world. Now, even though...
