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Finance World

A variety of indicators and evidence point to the coming year as a challenge for GCC capital markets, attributable largely to the usual suspects: the recent substantial decline in oil prices in addition to the political uncertainty in the Middle East.

US markets witnessed their month lows on Thursday and Friday as the new health care bill floundered and the Trump rally stumbled. Dow Jones ended the week lower by 1.52% while S&P500 was down by 1.44%. Brent also ended the week lower by 1.85% relative to the previous week, but it is still surviving above the USD 50 mark.

GCC expats are miles behind their counterparts in North America, Europe and Asia when it comes to retirement planning, a study by global financial firm Guardian Wealth Management has found.

Most commodity prices moved lower again this week with the Bloomberg Commodity Index touching a four-month low. The weakness has been triggered by funds scaling back bullish futures bets across all three sectors of energy, metals, and agriculture.

Fed’s decision to increase rates was the major news trigger impacting global and regional markets last week. US markets regained their losses after the Fed action and Dow Jones and S&P500 both ended the week modestly up by .06% and 0.24% respectively.