THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Commodities Wrap 10 August: Oil Surges 5 Percent on Hormuz Doubts While Silver Shines
Energy led commodities sharply higher on Monday, with crude and refined products surging around 5 percent as doubts grew that the United…
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Market Wrap MENA-Asia 10 August: Nikkei Jumps 2.1 Percent as Oil Reclaims 84 Dollars
Asian markets opened the week sharply higher on Monday as the relief that lifted Wall Street after the US jobs shock extended…
Read more →Market Wrap MENA 9 August: Egypt Hits Record High 55,125 as the Gulf Reopens Mixed
Regional markets reopened mixed on Sunday in their first session since the US jobs shock, with Egypt closing at a record while…
Read more →Market Wrap Asia 7 August: Shenzhen Gains 1.4 Percent as Gold Jumps Before Jobs Data
Asian markets ended the week mixed on Friday, with mainland China leading the gainers while selling pressure in South Korea eased after…
Read more →Market Wrap MENA-Asia 6 August: Kospi Drops 4.6 Percent as Oil Rebounds Above 80
Gulf markets mostly eased on Thursday and Asia turned mixed, led lower by a sharp pullback in South Korea, while oil rebounded…
Read more →Market Wrap MENA-Asia 5 August: Kospi and Nikkei Jump 3.7 Percent as Gulf Rises
Every Gulf market closed higher on Wednesday and Asian equities surged, led by gains of close to 4 percent in South Korea…
Read more →Commodities Wrap 4 August: Oil Sinks 5 Percent Again as Palladium Jumps 8 Percent
Crude oil fell more than 5 percent for a second consecutive session on Tuesday 4 August while precious metals surged, led by…
Read more →Market Wrap MENA-Asia 4 August: Gulf Gains as Kosdaq Rebounds 5.9 Percent
Gulf equities mostly advanced on Tuesday, led by the United Arab Emirates, while Asian markets rebounded sharply in South Korea and mainland…
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Japan and US Run First Joint Yen Intervention in 28 Years and Signal More
Japan and the United States intervened jointly in the foreign exchange market to support the yen, the first yen-buying intervention by the…
Read more →Commodities Wrap 3 August: Crude Slides Almost 5 Percent as Cocoa Jumps 9.4 Percent
Crude oil fell close to 5 percent across every grade on Monday 3 August while soft commodities pushed sharply higher, leaving the…
Read more →Market Wrap MENA 2 August: Egypt Leads With a 1.6 Percent Gain as the Gulf Rises
Gulf and Egyptian markets opened the week broadly higher on Sunday, with every regional benchmark in positive territory, as the region traded…
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FIFA Drops $20 Billion Commercial Venture Sale After Confederations Revolt
FIFA has abandoned a plan to move its commercial and event operations into a subsidiary and sell a minority stake in it…
Read more →Commodities Wrap 31 July: Cocoa Jumps 5.5 Percent as Oil Rebounds and Metals Slip
Commodities traded mixed on Friday, with crude oil rebounding and soft commodities surging while the precious-metals complex gave back part of the…
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Market Wrap US-Europe 30 July: Microsoft Leads a 2.8 Percent Nasdaq Rebound
US stocks rebounded sharply on Thursday, led by Microsoft and a powerful recovery in semiconductor shares, recovering the ground lost after a…
Read more →Commodities Wrap 30 July: Palladium Jumps 4.7 Percent as Metals Rally and Oil Slips
The metals complex led commodities higher on Thursday while crude oil slipped, as a sharply weaker US dollar lifted precious and industrial…
Read more →Market Wrap MENA-Asia 30 July: Gulf Firms on Oil as China and Korea Retreat
Asian markets were mostly softer on Thursday as the region digested a hawkish hold from the US Federal Reserve and a sharp…
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Bank of England Holds Rates at 3.75 Percent as Three Members Vote to Hike
The Bank of England held its benchmark interest rate at 3.75 percent on Thursday, with three of its nine policymakers voting for…
Read more →Market Wrap US-Europe 29 July: Dow Falls 2.2 Percent as Oil Jumps, Long Yields Rise
Wall Street sold off hard into the closing bell on Wednesday, and the damage arrived after the Federal Reserve had already finished…
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Fed Chairman Warsh Rejects Pause Label and Restates the 2 Percent Target
Kevin Warsh spoke for roughly ten minutes before taking questions on 29 July, in his second news conference as Chairman of the…
Read more →Commodities Wrap 29 July: Oil Surges 8 Percent as US-Iran Strikes Resume
Oil ripped higher and dragged the security premium back into the commodities complex on Wednesday. Brent crude settled 8.07 percent higher at…
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Federal Reserve Holds Rates at 3.50 to 3.75 Percent With Three Hike Votes
The Federal Reserve left its benchmark interest-rate range unchanged at 3.50 to 3.75 percent on 29 July, extending the pause to a…
Read more →Market Wrap MENA-Asia 29 July: Oil Surges 8 Percent and Asian Chips Slide Again
The security premium rushed back into oil on Wednesday, and the region's markets split around it. Brent crude surged nearly 8 percent…
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UAE Retail Treasury Sukuk Draws 445 Million Dirhams at 4.30 Percent
The UAE listed its first sovereign retail Treasury Sukuk on Nasdaq Dubai on 2 July, drawing 445 million dirhams at 4.30 percent,…
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United States Goods Trade Deficit Narrows to 101.5 Billion Dollars in June
Exports fell 1.8 percent and imports 2.6 percent in June, narrowing the goods gap to 101.5 billion dollars on a contraction in…
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- Asia Market Wrap 7 October: All Eight Indices Fall as Seoul Drops 1.98 Percent
- The Week Ahead: The Federal Reserve Decides on 29 July, US Growth and Inflation Data Land, and the Megacap Technology Earnings Peak
- Asia Market Wrap 8 October: All Ten Indices Fall as Singapore Drops 3.49 Percent
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
- Asia Market Wrap 6 October: Nikkei Posts First Close Above 70,000 Since July as Kospi Falls