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00:00 The global market movement last week was based on economic data, especially from the American economy.
00:09 We can talk about the share prices and the sales of the shares, and also the prices of the producers, which exceeded expectations for the second month in a row.
00:18 It is the indicator that is preferred to determine the path of inflation in the coming period.
00:23 This is the main band that may determine the course of the US federal government in light of these strong numbers.
00:30 The strength of the US economy has increased, even though unemployment has risen, but less than expected.
00:36 This indicates that the US federal government's directions in the coming period may continue to strengthen its monetary policy for a longer period.
00:44 The market price for the reduction of interest rates and dependence on the period of June has become less than what it was in the previous period.
00:54 The expectation this week will be that the US federal government's meeting will be more than 99% to be a confirmation of interest rates in light of these data.
01:03 We have also seen that the US market movement was based on the strength of the dollar and the rise in bonds to continue to strengthen the monetary policy for a longer period, until it reaches the 2% target of inflation.
01:17 This is what Jerome Powell's testimony in front of the Senate built on, that he will continue to monitor the economic data, in addition to the inflation that is still stable at these levels, despite the acceleration in recent figures.
01:32 We are also noticing S&P 500 on its way back to the second week, as a result of the strong pressure on the leading stock markets, namely the technology sector, and above all Nvidia and others.
01:45 But how about the dollar movement? We are also noticing that the dollar and weekly profits were able to record it with 16 points, and it is the largest weekly profit since mid-January.
01:56 This confirms the focus on the US federal government's meeting, and any indicators will also determine the path of monetary policy.
02:05 We also noticed the positive behavior of the European markets last week, especially in the European indicators, after we touched on the historical peak of the number of markets and also of the stocks.
02:18 We are also noticing the 14-point-100 weekly profits, which come to the eighth week on the charts.
02:26 But we also noticed some of the selling pressures from the real estate sector in the meeting on Friday, as a result of the largest decline in the sector during this meeting.
02:35 As a result, a real estate company in Germany, which is one of the largest companies, announced major losses.
02:42 We are talking about Fonofie, this company, and its implications on the index movement.
02:47 But what is the European Central Bank's move after the inflation data in the euro area, which declined in these data during February?
02:57 This gives an impression that the Central Bank will perhaps be ahead in the process of reducing interest rates in June.
03:03 And this is what is reflected clearly.
03:06 The oil markets movement was a clear statement as a result of data from the OPEC report, which talked about its expectations for the global economic growth
03:14 and also the growth of demand for oil during this period.
03:18 But the most prominent was also the report of the International Energy Agency, which also talked about the rise in global demand for 1.3 million barrels per day.
03:30 Today, the report between the International Energy Agency and the OPEC report began to be a kind of consensus that there will be a decrease in the supplies available in the markets as a result of several data.
03:42 We were talking about the latest military operations carried out by the Ukrainian forces on the oil fields in Russia,
03:50 the geopolitical tensions in the Red Sea, in addition to the OPEC reduction and its extension to the voluntary reduction by the end of the second quarter of 2024.
04:00 We are noticing that the profits exceed 3% on oil prices.
04:05 There was also data from the US storage that shows an increase of 3.5% to the US dollar,
04:15 with the US storage recession as a result of the return of US oil refineries to work more after the maintenance operations.
04:23 These data were the first week of recession that has been witnessing US storage data for seven weeks.
04:30 The movement on gold also noticed a profit and return process after we touched on a historical peak of more than 1%.
04:37 It is the first weekly decrease in gold prices since four weeks, which is from the middle of February.
04:43 As a result, the dollar and US dollar funds are the result of a huge return and also the price increase to extend the intense monetary policy.
04:51 The Gulf markets movement was a sign of foreign investments and foreign monetary liquidity with the review of the FTSE during the past week.
05:02 We noticed increases that were clear on the Saudi market and its registration of weekly profits, the largest since 22 months.
05:09 The profit of 21.1% and the stability of the index above 12,700 points was recorded by the Shiula on Friday with more than 14 billion Riyals.
05:22 As for the movement, how was it on the rest of the Gulf markets?
05:26 We also noticed that the Emirati markets had a decline.
05:30 The market was on the Abu Dhabi market, but the Dubai market rose by 20 points per cent as weekly profits were supported by a number of leading stocks and a number of foreign liquidity reviews.
05:43 The movement was positive from the financial distributions we heard from the companies, mainly the real estate company.
05:51 We are also witnessing the movement in the Abu Dhabi market during the past week.
05:54 As we said, there were negative returns of less than 20 points per cent. The Abu Dhabi market index touched its lowest levels in four months.
06:02 Therefore, there was a clear pressure on the FTSE index last week.
06:07 But how is the market in Kuwait on its weekly closures?
06:11 It rose by half a point last week and only lost 80 million dinars with the FTSE review application.
06:20 As for Qatar, the most prominent change was the balance sheet that was announced on the annual index.
06:27 We also noticed a liquidity entry in the Thursday session of more than 1.2 billion.
06:33 We noticed a rise of a quarter of a point.
06:36 So, important economic data was driving the global markets during the past week.
06:41 The Federal-American meeting is expected this week.