|26 August, 2019

Retaliatory tariffs by the US and China expected to dominate the trading activity across the global markets: Allied Investment Partners

Markets on Friday were negatively influenced by unfavorable developments from the US and China trade developments and lack of clarity over US Fed's monetary policy

Global equity markets were mostly positive during the week, making a sharp retreat towards the end of the week. Markets on Friday were negatively influenced by unfavorable developments from the US and China trade developments and lack of clarity over US Fed’s monetary policy.

The news on US Fed and trade overshadowed the fairly positive news coming from companies and broader economy. Brent crude oil prices rose by 1.19% during the week, after industry data showed a larger than expected drop in US crude inventories.

For the regional markets, the performance during the week was negative with 5 out of the 8 indexes closing in red, while the remaining 3 closed in green. Kuwait was the worst performing index regionally with losses of 1.56%, followed by 1.22% in Saudi Arabia, while Oman was the best performing index regionally with gains of 3.27%.

Going forward, retaliatory tariffs by the US and China will continue to dominate the trading activity across the global markets. For the regional markets, the trading activity will be influenced by the trend in global markets due to lack of catalysts within the domestic markets.

About Allied Investment Partners PJSC
Established in 2007, Allied Investment Partners PJSC is licensed by Central Bank of the UAE and Securities and Commodities Authority, and is a leading investment firm providing various services like Asset Management, Alternative Investments, Wealth Management, Securities and Custody Services, Corporate Finance and Investment Banking Advisory.

For more information, please visit http://aipuae.com/  
For media enquiries, please contact Matrix Public Relations
Krishika Mahesh: Krishika@matrixdubai.com 
Or call: 04 34 30 888

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases