Financial Markets Today
Emirates NBD's board nods to share capital increase
The number of rights to be issued to each shareholder stands at 1 right for every 8 shares held on 31 October 2019, the leading bank said.
Mubasher
Dubai's Deyaar posts $14.44mln net profit in nine months
Deyaar Development has generated revenues of $131.68mln for the January-September period of 2019, up by 3.6%
Mubasher
Abu Dhabi's Dana Gas buys back 1.5mln shares
The transactions have been executed through the Egypt-based investment bank EFG Hermes
Mubasher
Asian shares pause after five-day rally, Brexit in focus
The MSCI's broadest index of Asia-Pacific shares outside Japan slightly higher with gains largely led by Hong Kong's Hang Seng index
Reuters News
Wheat hits 3-month high on short-covering, cold U.S. weather
The most-active wheat contract on the Chicago Board Of Trade added 0.3% at $5.15 a bushel
Reuters NewsMorning Briefing
Thursday outlook: Oil drops, Asian shares pause, gold steadies
Global benchmark Brent crude oil futures was down by 47 cents, or 0.8 percent, at $58.95 a barrel by 0330 GMT
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Egypt's Mohandes Insurance mulls capital raise
The decision is still pending approvals of the Financial Regulatory Authority (FRA) and the General Authority for Investment and Free Zones
Mubasher - 3 decades from nowWall Street banks see green light from Fed on reserves - sources
Banks have complained for years that the U.S. Federal Reserve can be painfully prudent with its view that Treasury bonds are not the same as ordinary dollars when used as a liquidity buffer
Reuters News - 2 days agoAsian shares slump after weak China GDP, pound retreats
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%
Reuters News - 2 days agoSaudi Aramco delays planned IPO until after earnings update -sources
Aramco had been expected to announce plans next week to float a 1% to 2% stake on the kingdom's Tadawul market, in what could have been one of the largest ever public offerings, worth upwards of $20bln
Reuters News - 2 days agoYachtmaker Ferretti plans private share sale after IPO sinks
Ferretti said it had decided to call off its initial public offering (IPO) because it could not get the right pricing, confirming what a source had earlier told Reuters.
Reuters News - 17 Oct 2019Opinion
It isn't a trade deal yet, but initial market reaction has been acting like it is
China needs the deal for economic reasons, while at this stage the US needs it for political ones. They both may never get a comprehensive one.
The late bull market and new approaches
For now, central banks' liquidity support, starting with the US Federal Reserve, have underpinned valuations in this low-yield environment
Commodities: Weaker dollar propels gold to the next level
The biggest risk to rising precious metal prices is the potential that a major trade deal between the US and China will reduce expectations for how much US rates will have to fall.
US and China return to the negotiating table
The conclusion drawn from last week's economic data releases is that the US economy is showing signs of a slowdown, but not enough to fall into an imminent recession.
