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). […]
Crypto Extends Winning Streak, Bitcoin and Ether Notch Best Months in Years
By Camilo Botia Cryptocurrencies capped off a remarkable February, with Bitcoin and Ethereum closing out their best-performing months in recent history. The leading cryptocurrency, Bitcoin, surged 3% and reached $61,426.63 on the month’s final day. This capped off a week punctuated by a temporary spike to $64,000 before a correction brought the price back down. […]
Harnessing Financial Derivatives in Volatile Markets
By Samir Al Khoury The global financial markets, i.e. the stocks, bonds, commodity, currencies and crypto markets, are witnessing, at this stage, sharp fluctuations due to several factors, including: ·       Geopolitical tensions in the Middle East and the Red Sea, in addition to the continuation of the Russian-Ukrainian war that broke out two years ago. […]
EGX30 Positive Momentum Fueled by Ras El Hekma Mega Deal
By Samir Al Khoury Egypt has finalized its largest foreign direct investment deal to date with the Emirati company ADQ, committing to invest $35 billion in the development of the city of Ras El Hekma. Morgan Stanley suggests that the Ras El Hekma deal sets the stage for the flotation of the pound […]
