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, 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 […]
Economic Weakness in Japan: Will Authorities Intervene to Support the Yen?
By Samir Al Khoury, Japan’s year-on-year headline CPI came in at 2.5% today, lower than the previous reading of 2.7%. The core consumer price index, which excludes food, on an annual basis in Japan recorded 2.2%, which is in line with expectations but lower than the previous reading of 2.6%. Recent Japanese economic data indicate […]
Positive UK Economic Indicators Drive GBP/USD Upward
By Samir Al Khoury, The GBP/USD price continues its upward trend for the fifth day in a row, recording 1.2761 yesterday, its highest level since March 21, 2024. It is currently trading near the 1.2730 level. The headline CPI on an annual basis in Britain recorded 2.3% yesterday, higher than expectations (2.1%) but lower than […]
Nasdaq 100 Hits Record High: Analysis of Key Drivers and Market Trends
By Samir Al Khoury, The Nasdaq 100 index reached 18,721 points yesterday, marking its highest level ever. This index has risen by 12% since the beginning of this year until yesterday’s close, and it has surged by about 33% from the low of 14,058 points recorded on October 26, 2023, to the peak of 18,721 […]
