00:00 Last week, the Central Bank's chief of staff, Hamid Davos, was in full swing with many statements.
00:08 He also spoke about the US federal members, who said that it was a precedent for the talks on reducing interest rates.
00:16 This is exactly what the markets have been saying about the decline we have seen in terms of the interest rate reduction in March.
00:24 The interest rate was reduced by 50% in March, which was expected to be a quarter of a point.
00:32 We also noticed that the Wall Street movements were also on a kind of equilibrium.
00:40 There were many important data, data from the distribution sector, which came with better expectations,
00:46 which indicates that the US economy is still stronger in these data.
00:51 We noticed that the Wall Street movements were on a winning streak last week.
00:56 Dow Jones was on a winning streak with 17 points.
00:59 Even consumer confidence data today is higher for inflation and the economy,
01:04 and it has been recorded at its highest level since about 2021 in July.
01:09 We also noticed the positive movements with the power we have seen in the movements of the technology sector,
01:16 which gave strong support to the S&P 500 and was able to record its highest levels during the past week.
01:24 It recorded profits exceeding 1% of weekly movements for the general indicator.
01:31 These positive movements also come with the consideration that the S&P indicator was at its lowest level since October 2022,
01:41 and therefore, the entry to the market has risen for the S&P 500.
01:47 The movements also on European markets.
01:50 We also noticed some pressure, especially from the real estate sector.
01:54 This sector is considered one of the most sensitive sectors in terms of the rise in interest rates.
01:59 Lagarde's statements indicated that in 2023, the economy was able to regain some balance,
02:05 especially the economic data, despite what we have seen from some data related to inflation and acceleration,
02:12 which we saw in December.
02:14 But it seems that the early time is talking about the beginning of the process of lowering interest rates,
02:19 but its highlights have shown that the decline may be in the summer for interest rates,
02:25 and therefore, the markets are priced to be low for interest rates at about 140 points.
02:30 We are noticing a decline of about 17 points compared to the Euronext 600,
02:36 which we have talked about in the European indicator.
02:39 But also Euronext 100 has a decline of about 17 points.
02:43 But how are the movements on gold prices?
02:46 We noticed the declines, and therefore, it is recording the worst weekly performance since six weeks.
02:50 The pressure comes as a result of the strength of the dollar and the rise in the value of US bonds for the next 10 years,
02:55 which record the highest levels in five weeks.
02:58 This comes in light of the statements we have talked about in relation to interest rates.
03:03 Therefore, we are waiting for this week for the European Central Decision on the 25th of this month.
03:10 And therefore, we are also waiting for the end of January for the US Federal Decision and the expectations that there will be a confirmation of interest rates.
03:17 Gold, as we mentioned, has declined by about 1%.
03:20 As for the prices of metals, how are their movements?
03:23 In light of the data related to geopolitical tensions, the fears regarding the main waterways, if we are talking about the Mandab Gate,
03:32 and therefore, the transfer of shipping companies away from the Red Sea due to attacks and attacks on shipping companies,
03:41 we are noticing 1% increases.
03:43 These increases for the American dollar also come as a result of weather factors,
03:48 and we have also seen an increase in the decline in temperature and snow, which affects production,
03:54 especially in the largest oil-producing states.
03:56 We are talking about the state of Dakota.
03:58 And therefore, the increases are about 1%.
04:01 The fear of the disruption of subsidies is the main factor that drives the prices of oil and the fear of the disruption of subsidies.
04:09 In addition to the reports that we heard from the International Energy Agency,
04:13 which said that it is expected that there will be an increase in demand in 2024.
04:17 As for the movements in the Gulf markets, how are they during the past week?
04:22 We noticed that there is a kind of discrepancy in the Gulf markets,
04:26 starting with Saudi Arabia, which we noticed by recording its biggest weekly loss in three months.
04:31 The main factor that was under pressure on the annual indicators is the Aramco share,
04:38 especially the selling pressure that was on it, which declined by 1.3%,
04:42 as for the rest of the Gulf markets, starting with Kuwait.
04:46 We noticed a strong liquidity on the first Kuwaiti indicator during the past week on the Kuwaiti indicators.
04:52 There was an expectation of the results of the companies' work, in addition to the announcement of the formation of the Kuwaiti government.
04:58 We noticed that there were references to almost 10 points of the 100-point index for Kuwait,
05:03 and it was the first weekly reference to it in 2024.
05:06 As for Qatar, we noticed references to 11 and 14 points of the 100-point index, under pressure from the leading companies,
05:12 despite the results of the work that we are following.
05:15 But there was pressure in the negotiations on Thursday and Wednesday,
05:18 with almost a billion riyals of withdrawals and pressure from the withdrawal of foreign and Gulf institutions.
05:24 The movements in the Emirati markets, how were they last week?
05:28 We noticed that for the Dubai indicator, Fudsi Abu Dhabi is recording,
05:32 at first, with withdrawals of 18 points of the 100-point index.
05:36 And also for the Dubai indicator, we noticed that it recorded the first weekly withdrawal after a month of earnings,
05:41 which comes under pressure from the leading companies.
05:44 We are talking about the building block of development and the pressure that was clear during the previous sessions,
05:49 with withdrawals of half of the 100-point index.
05:52 So this was a look at the movements of the international and Gulf markets during the past week.
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