European equities, especially those in government-backed defense and infrastructure sectors, are predicted to offer strong upside potential
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Capital Markets
‘Golden era’ for GCC capital markets as global investors cash in on $2.3 trillion powerhouse
HSBC C-suite and regional exchange leaders reveal market transformation strategy in exclusive Arabian Business interviews
economic diversification
Middle East trading volumes surge as regional fintech and market access expands
For companies offering trading in multiple types of assets, 2024 brought more opportunities as new companies listed on regional stock exchanges
Makkah
Saudi-PIF backed Umm Al Qura moves ahead with IPO to support $26bn Masar project in Makkah
The company said it plans to offer 130.8 million new shares, representing 9.09 percent of its post-increase capital
Donald Trump
Trump’s tariffs on Canada, Mexico, China rattle Asian and Indian markets
Equity indexes also looked headed for steep drops globally, based on futures prices for the US S&P 500 and pan-European STOXX 50
GCC stock market
GCC index gains marginally in 2024; trails global markets rally: Report
At the exchange level, Dubai witnessed the biggest gains during last year with a double-digit surge of 27.1%, followed by healthy gains of 8% for Boursa Kuwait
Capital Markets
Gulf markets poised for North American investment surge: Report
Portfolio managers in North America expect the GCC region to represent the fastest-growing portion of emerging market capital over the next five years
Arab stock markets
Middle East stock markets: Saudi bourse extends rebound from 4-month low; Qatar falls
Outside the Gulf, Egypt’s blue-chip index ‘EGX30’ gained 0.7 per cent as Middle East market performance remains mixed
China
Morgan Stanley, Goldman Sachs downgrade Chinese equities as growth slows
The latest calls represent a rapid turnaround from their upbeat stance on the market following Beijing’s stimulus blitz in September
Cryptocurrency
Markets turn ‘wildly bullish’ as Trump election victory sparks rush to risk assets
Treasuries slump threatens market rally as banks, small-caps surge on tax cut hopes, while dollar strength hits emerging markets
Cryptocurrency
US election: UAE, Middle East investors turn to gold, equities as election remains impossible to call
Cryptocurrencies are gaining traction as a diversification tool, especially among younger investor demographics who are keen on digital assets
automobile industry
India’s largest IPO disappoints on listing; fails to give gains on opening day
Hyundai Motor India shares listed on bourses on Tuesday at a 1.5% discount to their issue price of INR 1,960
automobile industry
Hyundai hopes to raise $3.3bn in India’s biggest-ever IPO
South Korean automaker offering 17.5% stake in its India unit, making it the second biggest IPO this year worldwide
Donald Trump
GCC, Indian market players investing in renewable energy, pharma, IT stocks betting on a Harris win
Investors are also hedging on shares of oil and gas and defence sectors to play safe if Trump gets elected in the November 5 election
Asian stock markets
Tokyo’s Nikkei index dives 3% on Monday morning hours on global cues
Japanese market performance followed a global slump caused by a weaker than expected US jobs growth and speculation over a Fed rate cut
stock market
Gulf wealth managers brace for market volatility, strategize to mitigate risks ahead of ‘watershed’ 2024 US election
Investors are drawing up a prudent diversification strategy to focus on alternative assets to ride out the anticipated market storm ahead of the US election