Noha Makram – Live – The dollar stabilized against its major counterparts on Tuesday, after halting its rise after Federal Reserve officials turned a somewhat dovish tone. Movements during the Asian session were weak, with traders awaiting more statements from Federal Reserve officials later in the day, as well as the minutes of the Fed’s … Read more
Noha Makram – Live – The number of Americans filing for initial unemployment benefits rose slightly last week, while layoffs declined in September, indicating continued tightness in the labor market. Initial unemployment benefits rose by two thousand claims to a seasonally adjusted 207,000 during the week ending September 30, according to what the Labor Department … Read more
Abu Dhabi – Mubasher: The main purchasing managers index of S&P Global in the UAE rose from 55.0 points in August to 56.7 points in September. According to index data, the 1.7-point increase in the main index was largely driven by the new orders sub-index, which rose by more than seven points, recording its highest … Read more
Live: The American bank, Morgan Stanley, announced that it has revised its future outlook on Egypt’s debts to a negative outlook after shifting to a “non-favorable” position from “neutral”, due to the increase in the amount of risks it faces with regard to credit in the near term. In its report issued and published by … Read more
Cairo – Mubasher: The Ordinary General Assembly of Abu Qir Fertilizers and Chemical Industries Company approved the Board of Directors’ report and financial statements for the last fiscal year ending in June 2023. The company said in a statement to the Egyptian Stock Exchange on Sunday that the general assembly agreed to distribute a cash … Read more
Muhammad Shaker – Mubasher: Net foreign investments (buying/selling) in stocks in the UAE financial markets at the end of the first nine months of this year amounted to 12.302 billion dirhams, equivalent to 3.358 billion dollars. According to data from the UAE financial markets, foreign investors carried out purchasing operations in Dubai and Abu Dhabi … Read more
Muhammad Shaker – Mubasher: The shares of 6 companies listed in the UAE financial markets, at the end of Tuesday’s trading session, acquired 42 percent of the liquidity achieved by the Dubai and Abu Dhabi stock exchanges. According to data from the UAE financial markets, the trading values ​​of the six stocks recorded liquidity amounting … Read more
Live: Two officials at the US Federal Reserve explained that at least one more interest rate increase is possible, and that there is a need for high borrowing costs to continue for a longer period so that the bank can reduce inflation to return to its 2% target. Boston Federal Reserve Bank President Susan Collins … Read more
Noha Makram-Live- The Bank of Japan kept interest rates very accommodative on Friday and pledged to continue supporting the economy until inflation sustainably reaches its 2% target, indicating that it is in no rush to end its massive stimulus programme. Markets are focusing on the statements of Kazuo Ueda, Governor of the Bank of Japan, … Read more
Dubai – Mubasher: The value of trading of 27 brokerage companies operating in the Abu Dhabi and Dubai Financial Markets has recorded about 600 billion dirhams since the beginning of 2023. Brokerage companies’ trades were distributed at 467.9 billion dirhams, the value of trades in the Abu Dhabi market, and 136.5 billion dirhams in the … Read more