Weekly Market Analysis
Key Events of Last Week United States of America The Federal Reserve decided to cut interest rates by 50 basis points from the range of 5.25% – 5.50% to 4.75% – 5.00%, marking the first reduction since March 2020. The Philadelphia Fed Manufacturing Index declined, registering a growth of 1.7 points, which is below expectations […]
Future Expectations for Gold Prices Amid Current Conditions
Gold prices reached $2,600 yesterday, the highest level ever recorded. This marks an increase of approximately 24% since the beginning of the year. Currently, it is trading near $2,560. It seems that the upward momentum for gold will prevail in the upcoming phase. Let’s take a look at the factors supporting this rise: The reduction […]
Decline in U.S. Bond Yields: What the Flattened Curve and Future Trends Mean
U.S. bond markets are experiencing sharp fluctuations amid economic uncertainty and ambiguity in U.S. monetary and fiscal policy. Yields on U.S. Treasury bonds have significantly declined across various maturities. As of Monday, September 16, 2024, the two-year bond yield was 3.528%, its lowest level in two years, specifically since September 13, 2022. The ten-year bond […]
Nifty50 Hits All-Time High: An Analysis of India’s Economic Performance
The Indian Nifty50 Index continues its upward trajectory, having reached a record high of 25,445 points yesterday. This marks an increase of approximately 20% since the low of June 4, 2024, when it stood at 21,281 points, up to yesterday’s session. It has also risen by about 17% since the beginning of the year to […]
Key Events of the Past Week
United States of America The Consumer Price Index (CPI) recorded an annual growth rate of 2.5%, which is in line with expectations but lower than the previous reading (2.9%). The Core CPI (excluding food and energy) recorded an annual growth rate of 3.2%, which matches both the expectations and the previous reading. The Producer Price […]
Dubai Index Outperforms Gulf Peers: Opportunities and Challenges for Upcoming Markets
Gulf stock indices rose yesterday, except for the Abu Dhabi FADX15 index. For example: The Qatari GNRI index closed at 10,398 points, its highest level since March 5, 2024, but it remains down by about 4% since the beginning of the year up to yesterday’s close. The Saudi TASI index closed at 11,842 points but […]
Continued Pressure on the Dollar Against the Japanese Yen: Economic Data and Future Outlook
The U.S. dollar against the Japanese yen recorded 140.70 yesterday, its lowest level since December 28, 2023. This pair continues its downward trend, with the primary challenge being to reach and break through the psychological level of 140.00. It is currently trading near the 142 level. Bank of Japan board member Junko Nakagawa stated yesterday […]
Chinese Economy Under Pressure: Decline in Indicators and Bearish Momentum for Stocks
Despite various government stimulus measures to support the Chinese economy, recent economic data indicate that the Chinese economy is struggling, highlighting the need for further intervention by Chinese authorities to bolster economic growth. Specifically: The Consumer Price Index (CPI) grew by 0.6% year-over-year in August, which is below expectations (0.7%) but higher than the […]
Thai SET Index Hits Highest Level Since October: Analysis of Economic Data and Reasons
The Thai SET Index continues its upward trend for the sixth consecutive day, reaching 1,438 points yesterday, the highest level since October 18, 2023. The index has increased by approximately 13% from the low of August 5 this year, when it recorded 1,273 points, up to the peak of 1,438 points recorded yesterday. It has […]
The most important events of the past week
United States of America: The Manufacturing PMI fell to a contraction of 47.9, which is below expectations (48.0) and the previous reading (49.6). The monthly Construction Spending index decreased by 0.3%, which is less than the expected 1.0% and the previous reading of 0.0%. The ISM Manufacturing PMI showed a contraction of 47.2, below expectations […]
