Fed Likely to Hold Rates Steady as Inflation Concerns Resurface
By Camilo Botia, The Federal Reserve is expected to maintain interest rates at their current two-decade high for a fifth consecutive meeting next week despite signs of a slowdown in consumer spending. Recent data revealed a surprising uptick in inflation and a strong labour market, prompting policymakers to prioritize price stability before considering rate cuts. […]
Unveiling the Surge in US Treasury Bond Yields
By Samir Al Khoury US Treasury bond yields across different terms have experienced notable increases for four consecutive sessions. Presently, the two-year bond yield stands at 4.649%, marking its peak since March 1, 2024, while the ten-year bond yield sits at 4.210%, reaching its highest point since March 5, 2024. The two-year bond […]
Understanding the Forces Driving Stability of Oil Prices
By Samir Al Khoury, Since the beginning of this year, crude oil prices have been trading between the $75 and $85 levels and are currently hovering around the $82 level. It appears that the horizontal sideways trend will remain prevalent at this stage, especially considering the uncertainty prevailing in the oil market, which is subject […]
Boeing Stock Slumps as Criminal Probe Deepens
By Camilo Botia, Boeing’s woes deepened on Monday as the Justice Department opened a criminal investigation into a recent accident on a 737 Max jet, sending its shares tumbling. Boeign’s stock price fell as much as 4.4% in New York, its most significant one-day drop since January. The accident, in which a fuselage […]
Weekly Market Analysis
By Samir Al Khoury, The most important events of the past week United States of America ·        The services PMI recorded a growth of 52.3 points, which was higher than expectations (51.3) but lower than the previous reading (52.5). ·       The non-manufacturing purchasing managers index issued by the Institute for Supply Management (ISM) declined, recording growth […]
The British pound rose on Thursday
By Camilo Botia, The British pound rose on Thursday, extending gains after Chancellor Hunt’s spring budget unveiled tax cuts. However, analysts say the real driver wasn’t the budget itself but a combination of a weaker U.S. dollar and anticipation of a cautious Bank of England. Sterling climbed 0.62% to a one-month high against the […]
Tech Stocks Shake-Up: Nasdaq’s New Market Dynamics
By Samir Al Khoury, Have we Transitioned from the “Magnificent 7” to the “Magnificent 4”? The Nasdaq 100 index reached a record level of 18,333 points on Friday, March 1, 2024, marking its highest peak to date, and closed yesterday at 18,017 points. Since the beginning of the year, it has risen by 8%, and […]
Insights from China’s National People’s Congress: Economic Targets and Market Dynamics
By Samir Al Khoury, The annual meeting of the National People’s Congress began on Tuesday and will continue for a week. Through this meeting, several goals were identified for the year 2024, the most prominent of which are: ·       GDP growth at 5% (which matches 2023 targets) ·       The expected fiscal deficit as a percentage of GDP […]
Japan’s Nikkei Surges Past 40,000, Fueled by Tech and Global Investors
By Camilo Botia Japan’s stock market reached a significant milestone on Monday as the Nikkei 225, a key index that tracks the performance of 225 large Japanese companies, surpassed the 40,000 mark for the first time. This achievement extends the market’s historic rally, which has seen steady gains over the past year. The surge was […]
Weekly Market Analysis
By Samir El Khoury The most important events of the past week United States of America ·       The building permits index recorded 1.489 million, surpassing expectations (1.470M) but lower than the previous reading (1.493M). ·       The new home sales index recorded 661K, which is lower than expectations (680K) but higher than the previous reading (651K). […]
