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The UK government is under pressure to keep its Brexit strategy intact.
Global equities closed higher as investors shrugged off the reality of trade war and the possibility of more coming and preferred to concentrate on the Q2 2018 earnings season.
Market developments were dominated by events in the UK last week, where the government published its White Paper for exiting the EU, and suffered two prominent cabinet resignations as a result.
Global equities closed higher despite the start of a new phase in the current trade war with the imposition of tariffs by the US and China.
Trump throws spanner into UK Brexit debate
Global equities closed higher as investors shrugged off the reality of trade war
Mixed fortunes for sterling as Brexit negotiations rumble on
Global equities closed higher despite the start of a new phase in the current trade war
Egypt PMI: Output falls to 2018 low
UAE PMI : Surging backlogs point tp capacity constraints
The Emirates NBD PMI for Egypt remained below the neutral 50.0 level which delineates contraction and expansion in the non-oil private sector in June, coming in at 49.4
Though several risks continue to lurk on the horizon, we believe it is time to begin looking at the GCC bonds favourably
Supply disruptions from Canada and healthy demand are helping draw down on inventories.
But increase is unlikely to swamp markets
Sukuk Outperforming Bonds
GCC Bonds : Is The Worst Behind Us?
Bahrain Debt Update
Global Sukuk: Relative Value
Explaining Rising UST Yields
Notwithstanding the upward revision of the dot plot earlier in this month, UST yield curve continued to fall under the pressure of higher safe haven demand.
MARKETS, FIXED INCOME
Global equities closed lower as the focus shifted onto the ongoing trade war between the US and other countries.
MSCI confirmed that it will be including Saudi Arabia in the MSCI Emerging Markets index.
But main focus remains on OPEC
World Bank estimates a percentage decline in global trade from increased tariffs by 2020
Saudi Arabia and Russia prep the market for an increase in output
A bullish report thanks to some healthy demand figures
As we approach the mid-point of 2018, the Indian economy and financial markets appear to be at cross-roads.
The focus this week will firmly be on central banks with meetings of the Federal Reserve, Bank of Japan and European Central Bank scheduled
Total crude and product inventories jumped by 15m bbl last week.
Non-conciliatory tone of ongoing trade discussions between the US and China and increasing geopolitical risks weighed on investor sentiment during the month.
SUKUK INDEX, GCC MACRO
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