Finance World

Over the week, oil managed to climb back above the lows it witnessed early this month, backed by the awaited meeting between OPEC and Russia.

The uncertainty related to the political future of US president Trump and his ability to pass his growth-friendly agenda continues to impact global markets. The latest storm engulfing his presidency was triggered by the sacking of FBI head Comey and the subsequent appointment of a special council to investigate potential links between Trump's presidential campaign aides and Russia.

Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), announced new appointments in senior management. Appointments come in line with Khalid Al-Khoori's new human resources strategy to promote and attract Qatari talents to work in QFB. QFB is keen to build a sustainable work environment that attracts national workforce. 

After the pro-growth candidate winning in the French elections early last week, the global scene was a bit quiet. Dow Jones and S&P 500 were both down by 0.53% and 0.35% respectively, while European markets were a bit mixed with FTSE 100 was up by 1.89% over the week, while Stoxx50 and CAC40 were down by 0.58% and 0.5% respectively.

Macro and political news were the main drivers for last week’s Global and regional performance. Dow Jones broke 21,000 points and S&P500 reached its all-time high on the back of a fall in unemployment rates and more job additions.  European markets inched up as well, with optimism about Macron winning the French election.