The US dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold slumped to five-year lows as a lack of global inflation left little to hedge against.
European equities are set to remain positive on the outlook should an €86 billion bailout never happen, despite expecting near term volatility given the recent strength in markets, according to an expert.
World equity prices rallied on Monday as investors welcomed a conditional agreement to negotiations aimed at keeping Greece afloat with a bailout and to stay within the euro zone.
European equities surged almost 2 per cent while W
The Dubai Gold and Commodities Exchange (DGCX) recorded its highest Open Interest (OI) of 94,056 contracts while volumes on the Exchange jumped 11 per cent from last year to top six million contracts during the first half (H1) of the year.
Bahrain has the world's second-highest density of millionaires with 123 out of every 1,000 households holding private wealth greater than $1 million, according to a new report.
The Boston Consulting Group (BCG)'s "Glo
Private wealth in the UAE is projected to post a compound annual growth rate (CAGR) of 10.7 per cent to reach an estimated $1 trillion in 2019, a study said.
Private wealth in the United Arab Emirates (UAE) showed solid growth in
Sadiq Hussain, JP Morgan's head of equities for the Middle East and North Africa, will join Egypt's EFG Hermes in August as head of business development for asset management, a source familiar with the matter said.
Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy US economic data.
Investors worldwide see growing overvaluations in both bonds and equities and have signalled concern about a valuation bubble forming, a report said.
The proportion of global investors saying equity markets are overvalued has reac
Equities will be the best-performing asset class in the next 12 months according to 51 per cent of high net worth (HNW) investors in Europe, while a fifth (18 per cent) said oil could outperform in 2015, according to a report.