The most important events of the past week
By Samir Al Khoury, United States of America The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) declined by 48.7 points, which is lower than expectations (49.8) and the previous reading (49.2). The construction spending index declined on a monthly basis, recording a contraction of 0.1%, which is lower than expectations (0.2%) and […]
Political Shifts Propel Indian Markets to New Heights
By Samir Al Khoury, There is no doubt that Indian markets have been affected by the overwhelming political atmosphere in the recent period. We witnessed a record rise in the Nifty 50 index, reaching 23,338 points on Monday, June 3, 2024, following expectations that Indian Prime Minister Narendra Modi would secure a majority of parliamentary […]
High Inflation Persists in Turkey Despite Central Bank’s Interest Rate Stance
By Samir Al Khoury, Although the Turkish Central Bank continued to set interest rates at 50% for the third consecutive time at its meeting on May 23, 2024, the consumer price index (CPI) on an annual basis in Turkey remains very high, recording 75.45% in May. This figure exceeded expectations (74.80%) and the previous reading […]
Positive Momentum in Chinese Stocks Continues
By Samir Al Khoury, Since the beginning of June, the Hang Seng and CSI300 indices have continued their upward trend for the second day in a row, recording 18,541 and 3,622 points, respectively. Last week, the official manufacturing purchasing managers index (PMI) dipped to 49.5, lower than expectations (50.5) and the previous reading (50.4). However, […]
The most important events of the past week
By Samir Al Khoury, United States of America The pending home sales index declined, recording a contraction of 7.7%, which is lower than expectations (-1.1%) and the previous reading (3.6%). The GDP index declined on a quarterly basis, recording a growth of 1.3%, which is lower than expectations (1.6%) and the previous reading (3.4%). US […]
US Dollar Dips Against Swiss Franc Amid Swiss Economic Resilience
By Samir Al Khoury, The price of the US dollar against the Swiss franc fell by about 1% yesterday, recording 0.9031 and is currently hovering near the 0.9050 levels. However, it is still up by about 8% since the beginning of the year until today. Recent Swiss economic data show that the Swiss economy is […]
Significant Rise in US Treasury Bond Yields Across Various Terms
By Samir Al Khoury, US Treasury bond yields of various terms rose significantly, with the two-year bond yield reaching 5.002% yesterday, its highest level since May 1, 2024. Similarly, the ten-year bond yield recorded 4.638% yesterday, its highest level since May 3, 2024. The two-year bond yield is highly sensitive to federal monetary policy. Several […]
Crude Oil Prices Continue Upward Trend Amid Geopolitical Tensions and OPEC+ Actions
By Samir Al Khoury, Â Crude oil prices continue their upward trend for the fourth day in a row, today recording levels exceeding $84. However, these levels still represent a decline of about 8% year to date. Geopolitical tensions in the Middle East and the Red Sea, in addition to the extension of the voluntary reduction […]
Wheat Prices Surge to Highest Levels Since July 2023
By Samir Al Khoury, Wheat prices recorded 727.5 US dollars today, their highest levels since July 28, 2023. This marks a significant rise of about 15% since the beginning of this year, when prices were at 630.3 dollars. The challenge now lies in reaching $782.8, the highest level recorded on July 25, 2023. Several positive […]
The most important events of the past week
By Samir Al Khoury, United States of America • The Manufacturing Purchasing Managers’ Index rose, recording a growth of 50.9 points, which exceeded expectations and the previous reading (50.0). • The Services Purchasing Managers’ Index rose, recording a growth of 54.8 points, which exceeded expectations (51.2) and the previous reading (51.3). • The new home […]
