THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Commodities Wrap 14 September: Brent Settles 1 Percent Higher After a Near 5 Percent Spike Fades
Brent crude settled at 105.68 dollars a barrel on Monday, up 1.07 dollars or 1.0 percent, and West Texas Intermediate at 101.39…
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Europe Market Wrap 14 September: Milan Falls 1.68 Percent as Tech Sinks and Healthcare Jumps
Europe closed Monday split down the middle of one trade. The technology sector fell 2.12 percent and basic resources 2.61 percent after…
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Middle East Market Wrap 14 September: Egypt Slides 1.56 Percent as the Pound Weakens and Saudi Recovers
Egypt fell hardest in the Middle East on Monday while most of the Gulf steadied. The EGX 30 dropped 868.24 points, or…
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Six Chip Stocks Shed 360 Billion Dollars Before the Open as Europe’s AI Selloff Deepens
Six US listed suppliers of artificial intelligence hardware shed a combined 360.5 billion dollars of market value at their Wall Street premarket…
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Asia Market Wrap 14 September: Seoul Sinks 3.26 Percent as AI Chiefs Urge a Slowdown
Asia's chip heavy markets fell on Monday after the leaders of rival artificial intelligence laboratories united behind a call to slow the…
Read more →Middle East Market Wrap 13 September: Saudi Slides 1.30 Percent and Egypt 1.09 Percent Before the Fed
Saudi Arabia led the Middle East lower on the region's first session after crude's Friday retreat. The Tadawul All Share closed down…
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The Week Ahead 13 to 19 September: 4 Central Bank Decisions, China Activity and Saudi Prices
Four central banks decide between Wednesday and Friday. The Federal Reserve goes first with a new set of projections attached to its…
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US Market Wrap 11 September: Dow Adds 509 Points to Snap a 4 Session Slide as Oil Eases
The Dow Jones Industrial Average rose 509.19 points, or 0.98 percent, to close at 52,573.29 on Friday, ending a run of 4…
Read more →Commodities Wrap 11 September: Brent Settles 2.81 Percent Lower on Hormuz Talks Report
Brent crude settled at 104.61 dollars a barrel on Friday, down 3.02 dollars or 2.81 percent, and West Texas Intermediate finished at…
Read more →Europe Market Wrap 11 September: FTSE MIB Jumps 1.36 Percent as Oil Retreats and Banks Rebound
European shares rose on Friday after 4 sessions of declines on the Stoxx Europe 600, which closed 0.49 percent higher at 639.10…
Read more →Asia Market Wrap 11 September: Nikkei Sheds 1.93 Percent as Bond Yields Hit Multiyear Highs
Asia Pacific equities closed broadly lower on Friday, with the technology heavy Japanese and South Korean markets leading the retreat, as a…
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US Distillate Stocks Rise 2.1 Million Barrels and Stay 13 Percent Below Average
US distillate fuel stocks rose 2.1 million barrels in the week to 4 September and still stand 13 percent below the five…
Read more →US Market Wrap 10 September: Nasdaq 100 Falls 1.08 Percent as Brent Tops 108 and Yields Jump
Wall Street fell again on Thursday, the Dow and the S&P 500 for a fourth consecutive session, as crude oil rose about…
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WTO Goods Barometer Rises to 102.0 as AI Demand Supports Global Trade
The World Trade Organization's Goods Trade Barometer rose to 102.0 from 101.7 in June, signalling that global merchandise trade remained above its…
Read more →Brent Surges Past 107 Dollars a Barrel as the Metals Are Routed
Brent crude jumped more than 6 percent to 107.74 dollars a barrel after Thursday’s settlement window, and West Texas Intermediate rose 6.8…
Read more →ECB Raises Its Key Rates 25 Basis Points as European Stocks Ease and Miners Slide
European equity markets were mostly lower on Thursday after the European Central Bank raised its 3 key interest rates by 25 basis…
Read more →Middle East Market Wrap 10 September: Kuwait Leads a Split Gulf as Brent Tops 104 Dollars
Middle East equity markets were mixed on Thursday even as crude oil pushed higher, with Brent above 104 dollars a barrel, 8…
Read more →Asia Market Wrap 10 September: Hang Seng Sheds 1.27 Percent as Brent Holds Above 100 Dollars
Asian equity markets were mostly lower on Thursday, tracking Wall Street’s overnight decline as Brent crude held above 100 dollars a barrel,…
Read more →US Market Wrap 9 September: Dow Falls 405 Points as Oil Tops 100 Dollars and Yields Rise
Wall Street fell across the board on Wednesday as crude oil above 100 dollars a barrel and a higher Treasury curve weighed…
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Apple’s Foldable Lands at 1,999 Dollars and the Pro Rises 100: The Event Against Our Numbers
Apple priced its first foldable iPhone 1 dollar below the 2,000 dollar floor in the roadmap report we carried on 7 September.…
Read more →Commodities Wrap 9 September: Brent Settles at 101 Dollars, Highest Since May, as Gulf Fighting Escalates
Brent crude settled at 101.21 dollars a barrel on Wednesday, up 3.4 percent and its highest close since 22 May, and United…
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Korea’s Aggregate Manufacturing Margin Hits 24 Percent, the Median Manufacturer 4.4
Operating profit at South Korea's externally audited manufacturers reached 24.0 percent of sales in the second quarter, against 5.1 percent a year…
Read more →Europe Market Wrap 9 September: Brent Above 100 Dollars Sinks the Board, CAC 40 Falls 1.94 Percent
European equity markets fell across the board on Wednesday as crude oil above 100 dollars a barrel revived worries about inflation and…
Read more →Middle East Market Wrap 9 September: Gulf Mixed as Brent Tops 100 Dollars, Abu Dhabi Leads and Egypt Rebounds
Middle East equity markets were mixed on Wednesday even as crude oil pushed above 100 dollars a barrel, with Abu Dhabi’s FTSE…
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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
- Asia Market Wrap 6 October: Nikkei Posts First Close Above 70,000 Since July as Kospi Falls
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent