Stocks had a positive session yesterday as traders adjusted to the new round of tariffs from the US and China that were released during the week. Trade tensions have stepped up, but you would not know it to look at European and US equity markets. The $200 billion worth of tariffs from Trump, and Beijing’s…
US 10 year bond prices flited with 7 year lows overnight. A breach of the yield high at 3.13% could see a sharp increase in bond market volatility and significantly higher interest rate. Despite this flashing red light currency markets were calm and shares broadly rose, assisted by evidence of increasing energy demand. The 10-year…
The US and China exchanged shots yesterday that led the trade war into phase two. First, President Trump fired a 10% tariffs on another $200 BILLION OF GOODS IMPORTED FROM China. Then, the Chinese ministry of commerce said in a statement that China has no choice but to take retaliatory actions. The trade shots did…
Oil prices surged overnight on concerns about supply outages, the American petroleum institute reported a surprise stockpile reduction of 8.636 million barrels. On top of that, hurricane Florence is brewing over the US East Coast which may be one of the worst storms to hit US soil in decades. The fear of natural disasters hit…
Equity markets in Asia are largely higher after US government confirmed it is in process of arranging a second meeting between president Trump and the North Korean leader Kim Jong un. The announcement is seen as a step in the right direction for political stability in the region. Political and business relations are on the…
Overnight china posted the latest CPI report, and the reading came in at 2.3%. Economists were expecting 2.2%, compared with 2.1% in July. The PPI report was 4.1%, and the consensus estimate was 4%. We should keep up in mind the July reading was 4.6%. the jump in CPI is encouraging to see as it…
Noor Capital P.S.C. will hold the General Assembly meeting for financial year 2017/2018 at 12:00 noon on Thursday 28th of June 2018 at the company’s head office at 4th Floor, Dar Al-Salam Tower (Old Ministry Of Energy Bldg), Corniche Rd.- Abu Dhabi. A second meeting will be held at the foregoing address at 12:00 noon…
