Market Update
Weekly Market Update
Notable events over the last week The FOMC minutes which were released on Wednesday afternoon revealed a much more hawkish tone than expected and a number of Fed officials (Williams, Rosengren, and Dudley) warned that markets were too complacent in their policy assumptions. In combination, this led to a sharp repricing of the…
Continue readingWealthy Are Getting Richer By The Day, Says Bank
Forget the oil rich nations of the Middle East if you want to make a million, you are far more likely to do so in countries with a more developed economy or emerging markets, according to new research. Although the rich in places like Saudi Arabia and the United Arab Emirates are likely to…
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Weekly Market Update
Notable events over the last week In the US, headline retail sales surprised to the upside following a week of relatively disappointing earnings data from a number of apparel-linked retailers and department stores, including Macy’s, Kohl’s Corp and Nordstrom Inc.. The headline print was +1.3% MoM (vs. +0.8% expected) comfortably above consensus…
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Weekly Market Update
Notable events over the last week Last Friday saw the release of the April employment report which showed nonfarm payrolls expanded by 160k, coming in well below the median consensus expectation of 200k. March job growth was revised down just to 208k from 215k. The softening in April job growth was driven…
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Does Selling In May And Going Until St Leger Day Work?
Relying on proverbs for investment advice is not the best of ideas, according to a leading financial expert. Investors often trot out the rhyme ‘sell in May and go away, don’t come back until St Leger Day’ as a proven strategy. The phrase has no religious meaning – it’s all to do with the…
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Green Card Welcome For Expats In Saudi Arabia
Saudi Arabia is to extend a welcoming hand to expats by offering them a right of residency similar to the US green card system. The card will allow expats to claim permanent residency in the country. Expats will pay Zakat, VAT and insurance premiums in the same way as Saudis and will have the…
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