2017 starts on a positive note for UAE markets | GulfNews.com:
"Price action over the past several weeks in the UAE indices has been constructive as they continue to flirt with the potential of breaking out above 2016 highs. Meanwhile, oil remains close to nineteen months highs thereby improving investor sentiment towards UAE markets. Several times over the past couple of years oil has led the trend for UAE markets, and it may be doing so again now. If this is the case then both Dubai and Abu Dhabi market indices may soon breakout. If not, they will likely stay stuck within a relatively large price range for a while longer.
Dubai
Last week the Dubai Financial Market General Index (DFMGI) was up 96.98 or 2.75 per cent to close at 3,627.86. That’s the DFMGI’s best performance in five weeks and it occurred during a shortened 4-day trading week due to the New Year holiday. Market breadth was clearly bullish with 28 advancing issues and 10 declining, while volume rose to a three-week high."
'via Blog this'
Saturday, 7 January 2017
Boeing's 2016 orders lowest since 2010, deliveries hit target | Reuters
Boeing's 2016 orders lowest since 2010, deliveries hit target | Reuters:
"Boeing Co (BA.N) fell 80 planes short of its goal for new orders in 2016, but likely clinched the title of world's biggest planemaker for another year.
Boeing on Friday said it delivered 748 jetliners last year and booked net orders for 668 aircraft worth about $94 billion at list prices. Boeing had predicted orders would roughly match deliveries, which it forecast at between 745 and 750 planes.
Boeing's delivery total likely means the Chicago-based aerospace and defense company beat European rival Airbus (AIR.PA) on output. Airbus has forecast at least 670 deliveries in 2016, and is due to reports totals on Wednesday."
'via Blog this'
"Boeing Co (BA.N) fell 80 planes short of its goal for new orders in 2016, but likely clinched the title of world's biggest planemaker for another year.
Boeing on Friday said it delivered 748 jetliners last year and booked net orders for 668 aircraft worth about $94 billion at list prices. Boeing had predicted orders would roughly match deliveries, which it forecast at between 745 and 750 planes.
Boeing's delivery total likely means the Chicago-based aerospace and defense company beat European rival Airbus (AIR.PA) on output. Airbus has forecast at least 670 deliveries in 2016, and is due to reports totals on Wednesday."
'via Blog this'
Saudi prince readies strategy if clerics oppose reforms: report | Reuters
Saudi prince readies strategy if clerics oppose reforms: report | Reuters:
"The young prince leading Saudi Arabia's drive for economic reform has laid out a three-pronged strategy to avoid a backlash from any religious conservatives opposed to his plan, according to remarks reported by Foreign Affairs magazine on Saturday.
Deputy Crown Prince Mohammed bin Salman, the 31-year-old overseeing the kingdom's biggest-ever overhaul of state and society, told visiting researchers last month punitive measures would be considered for any clerics who incited or resorted to violence over the plan, one of the researchers wrote.
Prince Mohammed said he believed only a small percentage of the kingdom's clerics were too dogmatic to be reasoned with, the journal reported, while more than half could be persuaded to support his reforms through engagement and dialogue."
'via Blog this'
"The young prince leading Saudi Arabia's drive for economic reform has laid out a three-pronged strategy to avoid a backlash from any religious conservatives opposed to his plan, according to remarks reported by Foreign Affairs magazine on Saturday.
Deputy Crown Prince Mohammed bin Salman, the 31-year-old overseeing the kingdom's biggest-ever overhaul of state and society, told visiting researchers last month punitive measures would be considered for any clerics who incited or resorted to violence over the plan, one of the researchers wrote.
Prince Mohammed said he believed only a small percentage of the kingdom's clerics were too dogmatic to be reasoned with, the journal reported, while more than half could be persuaded to support his reforms through engagement and dialogue."
'via Blog this'
Oil market’s fireworks fade in first week of 2017
Oil market’s fireworks fade in first week of 2017:
"Oil started the first week of 2017 with a bang but ended it with a whimper, as the Opec fireworks that dominated the last quarter gave way to the more mundane reality of monitoring if the cartel will make good on its pledged cuts.
Brent crude oil briefly touched an 18-month high above $58 a barrel on the first day of trading but there was little fresh buying by funds that had already propelled prices higher by more than 30 per cent in the last six weeks of 2016, as Opec moved to agree the first supply curbs since 2008.
“The Opec and non-Opec cuts agreed at the end of last year have helped changed the underlying sentiment of the market, but for now oil is moving into a holding pattern,” said Michael Tran, director of global energy strategy at RBC Capital Markets."
'via Blog this'
"Oil started the first week of 2017 with a bang but ended it with a whimper, as the Opec fireworks that dominated the last quarter gave way to the more mundane reality of monitoring if the cartel will make good on its pledged cuts.
Brent crude oil briefly touched an 18-month high above $58 a barrel on the first day of trading but there was little fresh buying by funds that had already propelled prices higher by more than 30 per cent in the last six weeks of 2016, as Opec moved to agree the first supply curbs since 2008.
“The Opec and non-Opec cuts agreed at the end of last year have helped changed the underlying sentiment of the market, but for now oil is moving into a holding pattern,” said Michael Tran, director of global energy strategy at RBC Capital Markets."
'via Blog this'
Goldman’s Bet on Emerging Currencies Is BRICS Without the ‘C’ - Bloomberg
Goldman’s Bet on Emerging Currencies Is BRICS Without the ‘C’ - Bloomberg:
"Goldman Sachs Group Inc., home to the team that conceived the BRIC framework for investing in the largest emerging markets, is urging investors to "stay the course" with bets on the currencies of Brazil, Russia and India, along with South Africa.
When it comes to China, Goldman anticipates a “grinding” move lower for the yuan this year, “analogous to 2016.” Goldman emerging-market strategists led by Kamakshya Trivedi in London predicted in a note dated Thursday the yuan will retreat to 7.3 per dollar by year-end, more bearish than the 7.16 median forecast in a Bloomberg survey. It was at 6.883 on Thursday in Beijing.
China, South Korea and other Asian economies are vulnerable to U.S. President-elect Donald Trump’s protectionist election manifesto translating into policy and regulatory action. By contrast, Brazil, Russia, India and South Africa are less at risk, Goldman analysts reckon."
'via Blog this'
"Goldman Sachs Group Inc., home to the team that conceived the BRIC framework for investing in the largest emerging markets, is urging investors to "stay the course" with bets on the currencies of Brazil, Russia and India, along with South Africa.
When it comes to China, Goldman anticipates a “grinding” move lower for the yuan this year, “analogous to 2016.” Goldman emerging-market strategists led by Kamakshya Trivedi in London predicted in a note dated Thursday the yuan will retreat to 7.3 per dollar by year-end, more bearish than the 7.16 median forecast in a Bloomberg survey. It was at 6.883 on Thursday in Beijing.
China, South Korea and other Asian economies are vulnerable to U.S. President-elect Donald Trump’s protectionist election manifesto translating into policy and regulatory action. By contrast, Brazil, Russia, India and South Africa are less at risk, Goldman analysts reckon."
'via Blog this'
Subscribe to:
Posts (Atom)