by Jibran Munaf | November 15, 2024 | Markets
Asian markets showed mixed movements on Friday, influenced by new economic data from China and Japan as well as a drop on Wall Street. Federal Reserve Chair Jerome Powell’s comments about taking a cautious approach to rate cuts amid strong U.S. growth added to...
by Jibran Munaf | November 14, 2024 | Markets
After two tough years for U.S. IPOs, Donald Trump’s election victory could offer a glimmer of hope for a market resurgence. Following the win, major investment banks like Morgan Stanley, Goldman Sachs, JPMorgan, and Jefferies have all seen stock rallies...
by Jibran Munaf | November 12, 2024 | Markets
Asia-Pacific markets fell on Tuesday, with regional investors showing caution despite record-breaking gains in U.S. stocks following the postelection rally. Key Asia benchmarks saw declines across the board. Hong Kong’s Hang Seng Index dropped 2.76%, while mainland...
by Jibran Munaf | November 12, 2024 | Markets
Stocks pulled back on Tuesday as signs emerged that recent gains may have overextended valuations. Investors are also evaluating the potential economic impact of Donald Trump’s cabinet picks. Europe’s Stoxx 600 index dropped by 1%, nearly wiping out...
by Jibran Munaf | November 12, 2024 | Markets
Stock markets in the Gulf region closed mixed on Monday, pressured by weak oil prices and anticipation of upcoming U.S. economic data and Federal Reserve comments this week. In Qatar, the index dropped by 0.2%, largely due to a 1.1% decline in Qatar Gas Transport...
by Jibran Munaf | November 12, 2024 | Commodities, Energy
Oil prices remained relatively stable in early Tuesday trading, following a recent decline triggered by China’s stimulus plan and concerns about oversupply. Brent crude futures were down by 1 cent at $71.82 per barrel, while U.S. West Texas Intermediate crude...
