Tadawul All Share Edges Up 0.10% on Industrial Sector Strength
Saudi Arabia's benchmark stock index closed slightly higher on Sunday, lifted by gains in the industrial and construction sectors, though declining stocks narrowly outnumbered advancers.
Latest by Raj Patel
UBS Stays Bullish on Global Stocks Despite High-Rate Headwinds
UBS Asset Management maintains a positive outlook on global equities, citing resilient economic growth and expanding corporate earnings as key supports. The firm notes a growing divergence between resilient stocks and a bond market pressured by the prospect of 'higher for longer' U.S. interest rates.
Russia Deploys Low-Cost, Jam-Proof Drones to Strike Ukrainian Power Substations
Russia is using inexpensive, fiber-optic-guided drones to bypass electronic warfare and physical barriers, successfully striking high-value Ukrainian electrical substations in a new and highly cost-effective tactic.
Russia Deploys Jam-Proof Drones to Bypass Ukrainian Power Substation Defenses
Russia is using small, fiber-optic-guided drones to circumvent electronic warfare and physical barriers, successfully striking high-voltage electricity substations in Ukraine's Sumy region, according to open-source analysis.
Baltic Dry Index Rises 1.2%, Caps Strong Week on Capesize Rate Surge
The main Baltic sea freight index gained on Friday to post a weekly rise of 8.4%, driven by a significant increase in rates for larger capesize vessels amid strong demand for iron ore.
Gold Set for Weekly Decline as Oil Spike Fuels Fed Rate Concerns
Gold prices are on track for a weekly loss as a surge in oil prices, driven by escalating U.S.-Iran tensions, stokes fears of persistent inflation that could keep Federal Reserve monetary policy tight.
UBS Forecasts Norwegian Krone to Strengthen, Targeting 10.50 for EUR/NOK by Mid-2027
UBS analysts maintain a bearish outlook on the EUR/NOK currency pair, forecasting a steady appreciation of the Norwegian krone through June 2027, citing a supportive external environment and attractive carry.
Sterling Gains as Mideast Tensions Fuel Hawkish Fed Bets, Boosting Dollar
The British pound firmed on Thursday, supported by market dynamics stemming from rising oil prices and a stronger U.S. dollar, as geopolitical tensions in the Middle East bolstered expectations for a hawkish Federal Reserve.
Citi Forecasts USD/JPY at 163 if Topix Stock Index Rises to 4,500
Citi analysts project the USD/JPY could climb to 163, driven by a potential rally in Japan's Topix stock index to the 4,500 level, according to a recent research note. The bank links a strong Japanese equity market to increased yen depreciation pressures.