DOMICILIATION

Noha Makram-Live- US jobs rose faster than expected in November and unemployment fell despite signs of a weakening economy.

US non-farm payrolls rose to a seasonally adjusted 199,000 during the month, which is slightly higher than the Dow Jones estimate of 190,000, and higher than the unadjusted October data of 150,000, according to the Labor Department’s report on Friday.

Unemployment rates fell to 3.7%, compared to expectations of 3.9%, with the labor force contribution rate rising to 62.8%.

The Labor Department’s survey of households showed stronger job growth of 747,000 and the addition of 532,000 workers to the labor force.

Average hourly work, a leading indicator of inflation, rose 0.4% during the month and 4% year-on-year. The monthly increase is slightly higher than the estimate of 0.3%, while the annual rate was in line with expectations.

Markets showed mixed performance after the release of the report, with stock market futures falling slightly, while Treasury yields rose.

“What we wanted was a slightly stronger labor market and that’s what we saw in the November report,” said Robert Frick, corporate economist at Navy Federal Credit Union.

The analyst pointed to strong job growth, falling unemployment and a good rise in wages, all of which indicate that the labor market will reach the normal rate of about 150,000 jobs next year, enough to continue the economic expansion, but not enough to motivate the Fed to raise interest rates.

Although the growth refutes widespread expectations of a recession this year, most economists expect a sharp slowdown in the fourth quarter and weak gains in 2024.

Federal officials are closely awaiting jobs data as they seek to reduce inflation rates, which have reached their highest levels in four decades but have shown signs of slowing recently.

Futures markets expect the Fed to stop raising interest rates and begin lowering them next year.

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Nominations:

Expectations for the Federal Reserve to stabilize interest rates until next July

United States: Job openings fall to their lowest levels since 2021

Muhammad Al-Erian: The markets were wrong in their expectations of the imminent US interest rate cut

Live: US stocks rose, at the end of Tuesday’s session, with bond yields declining after Federal Reserve Governor Christopher Waller’s statements that the economic slowdown may return inflation to its target, indicating that there is currently no justification for further raising interest rates.

At the end of trading, the Dow Jones Industrial Average rose 0.25%, or 83 points, to 35,416 points, the highest level since the August 7 session.

The value of the “S&P 500” index increased by 0.1%, or 4 points, at 4,554 points, while the “Nasdaq” index rose by 0.3%, or 40 points, at 14,281 points.

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Nominations:

Today… stay tuned for the announcement of the winner of organizing Expo 2030, and Riyadh is the strongest candidate

The Public Investment Fund signs an agreement to secure a syndicated loan of $5 billion

Profits of banks operating in the Kingdom rise to 64.47 billion riyals within 10 months

The Kingdom’s trade surplus declines by 52% in 9 months… and exchange amounts to approximately 1.5 trillion riyals

Muhammad Shaker – Mubasher: UAE financial market indices rose at the close of trading on Tuesday, amid weak pricing of the possibilities of the Federal Reserve raising interest rates next month..

According to data from the UAE financial markets, the gains of the Dubai Financial Market amounted to 2.273 billion dirhams, and the Abu Dhabi Securities Market gained 6 billion dirhams, with a total gain of 8.273 billion dirhams.

At the end of today’s trading, the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.597 billion dirhams, distributed over 20,134 thousand transactions.

The Dubai Financial Market index rose by 0.35 percent, reaching the level of 4008 points, amid transactions with a volume of 120.366 million shares, worth 523.475 million dirhams.

This came amid a rise in the shares of Emirates NBD Bank by 1.13 percent, Ithmaar Holding by 1.44 percent, Empower by 1.78 percent, and SALIC Company by 0.94 percent.

The market value of Dubai shares reached 676.168 billion dirhams at the close of trading today, compared to 673.895 billion dirhams at the close of trading on Monday, with gains amounting to 2.273 billion dirhams.

The Abu Dhabi Securities Market index also rose by 0.27 percent to the level of 9541 points, amid transactions of 252.031 million shares worth 1.073 billion dirhams.

This came amid a rise in shares of Abu Dhabi Commercial Bank by 1.81 percent, Alpha Dhabi Holding by 1.06 percent, Bank of Sharjah by 0.15 percent, and Dana Gas by 2.56 percent.

The market value of Abu Dhabi shares reached 2.786 trillion dirhams at the close of trading today, compared to 2.780 trillion dirhams at the close of trading on Monday, with gains amounting to 6 billion dirhams.

The performance of the UAE financial markets varied at the end of trading on Monday, with the Dubai Financial Market index rising, while the Abu Dhabi Securities Market index declined..

This comes amid growing expectations that the Federal Reserve will begin cutting interest rates next year after it likely ended its rate hike cycle earlier this month..

According to data from the UAE financial markets, the Abu Dhabi Securities Market incurred losses amounting to 10 billion dirhams, and the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.282 billion dirhams, distributed over 18,438 thousand transactions..

contrast Performance of the UAE financial markets by the end of the first ten months of this year “During the period from January to October 2023, the Dubai Financial Market rose, while the Abu Dhabi Securities Market declined, coinciding with the continued escalation of the geopolitical situation in the Middle East region..

And he reached Net investments of foreigners in stocks in the UAE financial markets During the first 10 months of this year (the period from January to October 2023), a value of 2.229 billion dirhams ($607.167 million) as sales proceeds..

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Nominations:

Dubai’s index loses 400 points… and Abu Dhabi loses 7 billion dirhams in its market value

The Dubai Stock Exchange regains the level of 4000 points… and Abu Dhabi loses 9 billion dirhams of its market value

The Dubai Stock Exchange achieves the best performance in the Gulf in 9 months… and Abu Dhabi declines by 4%

The Dubai Stock Exchange profits 72.5 billion dirhams in 10 months

Report: The highest and lowest stocks on the Dubai Stock Exchange in 10 months

Abu Dhabi Stock Exchange.. Learn about the stocks that rose and fell the most in 10 months

607 Millions of dollars net selling by foreigners in UAE stocks within 10 months

Dubai banks’ profits grow 40% to 10 billion dirhams in the third quarter

Live: European stock indices declined at the end of the first session of the week, today, Monday, with the evaluation of economic data indicating that the growth in profits of industrial companies in China slowed significantly during the month of October, which raised concerns about the recovery of the second largest economy in the world.

At the end of trading, the European Stoxx 600 index fell by 0.35% to 458.4 points, with the energy, mining and automobile sectors declining.

The British FTSE 100 index also fell by 0.35% to 7,460 points, the German DAX index fell by 0.4% to 15,966 points, while the French CAC index fell by 0.35% to 7,265 points.

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Nominations

Egypt obtains a loan of $956.6 million from the China Development Bank

Minister of Housing: 1,920 units are being finished in the Jannah project in Sheikh Zayed City expansions

Suez Canal revenues rise to $9.4 billion during 2022-2023

Minister of Electricity: Egyptian networks are among the strongest in the region… and we have reached 59 thousand megawatts