Russell 2000 Climbs as Interest Rate Expectations and Economic Data Fuel Optimism
By Samir Al Khoury, The Russell 2000, the US small- and mid-cap index, reached 2,244 points yesterday, marking its highest level since 1 August 2024. It is currently hovering around 2,220 points. The Russell 2000 is influenced by economic conditions in the US, where most of the constituent companies are based. Additionally, these companies are […]
The Most Important Events of the Past Week
By Samir Al Khoury, United States of America Federal Reserve Minutes from the July Meeting: Fed officials identified several factors supporting a rate cut since July. Most officials expressed a readiness to begin easing at the September meeting if the data continues to meet expectations. The risks to achieving inflation and employment targets are now […]
EGX30 Reaches New Heights: Navigating a Bullish Market
By Samir Al Khoury, The Egyptian main index, EGX30, rose to 30,174 points yesterday, marking its highest level since March 18, 2024, before closing at 30,141 points. The index has also increased by about 25% since hitting its lowest point on May 1, 2024, when it recorded 24,192 points up until yesterday’s close. Based on […]
Turkish Lira Faces Strong Downward Pressure as USD/TRY Hits Record High
By Samir Al Khoury, Yesterday, the Central Bank of Turkey kept interest rates unchanged at 50% for the fifth consecutive month, aligning with analysts’ expectations. Despite a decline in the consumer price index (CPI) on an annual basis in July—falling to 61.78%, below expectations of 62.10% and the previous reading of 71.60%—the index remains significantly […]
Gold Hits Record High: Key Drivers of the Bullish Trend
By Samir Al Khoury, Gold continues its upward trajectory, reaching a new record high of $2,521 today. This positive momentum shows no signs of slowing down, as the price of gold has risen by approximately 27% since hitting a low of $1,984 on 14 February 2024, culminating in today’s peak of $2,521. Given these developments, […]
The most important events of the past week
The Most Important Events of the Past Week By Samir Al Khoury, United States of America The Producer Price Index fell on an annual basis to 2.2%, which is lower than both expectations (2.3%) and the previous reading (2.7%). The headline CPI fell on an annual basis to 2.9%, which is lower than both expectations […]
OPEC Revisions and Market Dynamics Drive Crude Oil Price Surge
By Samir Al Khoury, Crude oil prices have risen by approximately 9% since the low on 5 August this year, which recorded $75.10, to current levels of about $82. This marks an increase of about 6% since the beginning of the year. Yesterday, OPEC lowered its forecast for global oil demand growth this year by […]
The most important events of the past week
By Samir Al Khoury, United States of America The services PMI fell to 55.0, below expectations (56.0) and the previous reading (55.3). The non-manufacturing PMI issued by the Institute for Supply Management (ISM) rose to 51.4, in line with expectations but higher than the previous reading (48.8). The initial jobless claims index fell to 233K, […]
Japan’s Financial Markets Under Pressure: Key Drivers and Trends
By Samir Al Khoury, Japan’s Financial Markets Under Pressure: Key Drivers and Trends The financial markets in Japan have recently experienced significant volatility, driven by economic uncertainty and unclear monetary policies in both Japan and the United States. Last week, the Bank of Japan unexpectedly raised interest rates to 0.25%, contrary to market expectations that […]
Volatility in US Bond Markets Amid Economic and Policy Uncertainty
By Samir Al Khoury, The US bond markets are experiencing sharp fluctuations amid economic uncertainty and ambiguity surrounding monetary and fiscal policy in the United States. Yields on US Treasury bonds across various maturities have risen significantly for the third consecutive day. The two-year bond yield reached 4.028% today, up from 3.656% two days ago, […]
