Page 314 - SALIK ENGLISH PR REPORT NOVEMBER 2024
P. 314
11/15/24, 1:34 PM Mideast Stocks: Most Gulf markets gain in early trade; Saudi falls
Image for illustrative purpose only. A broker looks at a screen in the Dubai Financial Market December 23, 2009. Ahmed Jadallah
EQUITIES
Mideast Stocks: Most Gulf markets gain in early
trade; Saudi falls
Markets are now pricing in an 83% chance of a 25 basis-point rate cut from the Fed next
month
Ateeq Shariff, Reuters News
November 14, 2024
Most stock markets in the Gulf edged higher in early trade on Thursday as investors assessed the
monetary policy and inflation outlook in the world's largest economy.
Traders responded to a U.S. inflation print that was in line with expectations by ramping up bets on a
Federal Reserve rate cut next month.
Markets are now pricing in an 83% chance of a 25 basis-point rate cut from the Fed next month, up from
about 59% a day ago, according to the CME FedWatch tool.
https://www.zawya.com/en/capital-markets/equities/mideast-stocks-most-gulf-markets-gain-in-early-trade-saudi-falls-elmw0jf1 1/3
