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00:00How did global markets move over the course of the past week, which is still affected by many factors?
00:12We have the geopolitical tensions on one hand and the economic one on the other,
00:18in addition to the critical political path in the United States of America.
00:22We have seen some downturns in the US market, but Dow Jones was the least severe of these downturns.
00:29But on the other hand, the S&P 500 rebounded significantly over the past week.
00:34And so did Nasdaq, which was under strong pressure in terms of movements on it.
00:40And the pressure was from the technology sector in the first place.
00:44We are talking about a decrease in the sixth session of the Nasdaq index,
00:50which rebounded in terms of movements on this other US index,
00:54which we have seen the pressure on over the past week.
00:58We are talking about the S&P 500 and Nasdaq during the past period.
01:04We have seen rebounds.
01:05We are talking about Nasdaq, which rebounded and achieved the longest series of losses for more than a year in terms of its decline.
01:12We have seen it because of the pressure on the technology sector, which rebounded.
01:17And we have seen that the pressure was strong on these indicators.
01:20We are talking about the most prominent stocks that were under pressure, or perhaps most of them were actually,
01:25rebounded and put pressure on the technology sector in terms of Wall Street.
01:30Netflix, despite the positive results, which were higher than expected,
01:35this stock rebounded by more than 9%.
01:38And it even had a growth in demand, specifically for the shareholders,
01:43about 16% growth in the number of shareholders.
01:47However, the general pressure, even at the level of the most prominent stocks,
01:51including Nvidia, this stock that we have seen rebounds and pressure on its exit from the trillion dollar club
01:57in terms of market values for global companies.
02:01We move to the European region, which is the other one that we have seen rebounds.
02:05Perhaps the mood was unified on all global indicators,
02:08whether in America, as well as in Europe and Asia, these rebounds.
02:12Today, the Euronext 100 ended the week with more than 1.17 points.
02:18We are talking about the joint indicator in Europe, the Stock 600,
02:21which the European Union recorded its first monthly loss since October last year.
02:27And the pressure was clear, and we have seen it.
02:29Perhaps we also have the critical policy issue by the European Central Bank today,
02:34which indicates that the European Central Bank may be ahead of the Federal Reserve
02:40in the first step to start lowering interest rates in the next meeting in relation to this critical policy.
02:47And this is what we have seen from movements at the level of inflation that we have seen,
02:52the continuation of the rebound for the Euro area.
02:55As for the other European indicators,
02:58how were the movements in Britain, the British FTSE indicator,
03:03the European Central Bank, and the European Central Bank?
03:07We have seen that the European Central Bank has been a leader in these movements.
03:12We have seen that the European Central Bank has been a leader in these movements.
03:17We are moving towards the commodity principles and the movements on them,
03:22i.e. the gold that continued to gain 2% of the highs on the gold that reached
03:29We have seen the continuation of staying at the levels that were recorded above $2,400 per ounce.
03:37We have seen the continuation of the entry by investors as it is now,
03:42despite the geopolitical tensions on its part.
03:45This means that there is more access to gold for investors.
03:52On the other hand, the dollar, which kind of benefited from the expectations between us,
03:57began the first decline in interest rates,
03:59and we have seen that the rates may have decreased
04:02to start with the first expected decline in September of the year 2024.
04:08Perhaps this trend is the change we expected at the beginning of the year 2024.
04:14We have seen this trend.
04:15But the dollar, despite having achieved the highest earnings since November last year,
04:21remained above the level of 106 last week in terms of the dollar indicator.
04:28But it kind of reduced these earnings by less than 10 points per cent in terms of dollar movements.
04:36We have also seen the return of some of the security currencies,
04:40such as the Swiss franc and the yen, which returned to recede at the end of last week.
04:46But we have seen an entry by investors in light of fears related to geopolitical tensions.
04:54This is in terms of the main currency movements.
04:57As for other commodities and the most prominent oil prices,
05:00which have returned to recede with more than 3 per cent,
05:04the weekly losses of Khan Brent,
05:07which again lost levels of 90 dollars per barrel, which we have seen a strong entry.
05:14But today we are back to the fear of subsidies,
05:18and specifically in light of the fear of new sanctions.
05:21All these files that have become the basis of the market today,
05:27away from the rise in geopolitical risks that we have seen as a result of the arms movements.
05:33We move to the Arab region and how the indicators performed in the region,
05:39and specifically in the Gulf.
05:40The Saudi market indicator, we have seen the fluctuations.
05:43And we were at the beginning of the week, we were afraid of geopolitical risks,
05:47we returned to reduce them, but in general, we have seen the social tenders.
05:51And the main Tassi indicator, which lost important levels,
05:56below 12,700 to reach and end the week at 12,500 points.
06:01The other Gulf indicators, we have also seen the fluctuations.
06:05The Dubai financial market indicator, which reached the tenders with more than 116 points.
06:12It was not able to stay at the level of 4,200 points.
06:15We have seen some stocks affected at the end of last week,
06:20and that is because of the exceptional weather conditions that were in the UAE.
06:26As for the other market level, the Qatar Stock Exchange,
06:29also went to the tenders with more than one or almost one in 100,
06:33and without 9,900 points, we closed the trades.
06:37Although we have the results of the positive companies,
06:40and specifically the Egyptian sector,
06:43in which we have seen results higher than expected,
06:46but we did not buy these moves on the Qatar Stock Exchange index
06:50compared to the moves of last week.
06:52The Kuwaiti indicators also went to record weekly losses,
06:57and we have seen how these tenders began.
06:59The first leading indicator, which went to record about 3% of the pressure
07:05that was on the Kuwaiti indicators.
07:08We have seen these moves,
07:10and these were weekly moves for international markets
07:14as well as regional markets.