1) The document is a weekly capital markets newsletter from Jordan Ahli Bank that provides information on market performance, trading activity, and interest rates from the previous week. It also includes global, regional, and local news briefs.
2) The Amman Stock Exchange index fell slightly while trading volume increased significantly from the previous week. Financial and industrial sectors declined slightly while services were down more.
3) Global news highlights included the UK Prime Minister suspending parliament ahead of Brexit, two US Federal Reserve officials suggesting the case for further US rate cuts, and ongoing US-China trade tensions.
After the uncertainty of the Brexit verdict got over, the market rallied in the last week. The market got off on the
wrong foot on the day of the Referendum results and corrected by almost 1000 points. But the market soon
realized that the renewal in trade agreement between UK and Euro is not going to happen anytime soon and it will
take around 1-2 years. India being an emerging nation, the impact of this event is quite limited. After this the
market resumed its upt uptrend. Since budget, the nifty is up by 1000 points, and in percentage terms it has gained
22%. We should remember that it is still 10% off of the it’s all time high, which was achieved in March 2015.
• Despite the fact that the PE multiple of the Indian Markets is 17 – 18 times, the FIIs continue to invest in India on
account of better growth prospects, better earning visibility. India is the only trillion dollar economy which is
growing on 7.5%, which makes it a lucrative long term story.
Dear Investors,
Billionaire investor Wilbur Ross said "Ultimately, I think it will be the world's most expensive divorce. But like most divorces, it's probably going to take a lot longer than it should." The Brexit vote to leave the European Union sent shock waves across the globe. Though the pre-poll surveys had indicated a close call, it was largely expected that sanity would prevail on referendum day and the British populace would vote to Remain. The ramifications of an eventual Brexit are likely to be long-drawn and far-reaching. Apart from the impact it has had on the currency markets, there is an imminent danger of other countries wanting to follow suit. This may lead to the ultimate breakdown of the EU, causing geo-political chaos with the danger of recession.
The equity markets seemed to have temporarily shrugged off the event. While the Sensex tanked by over 1000 points when the Brexit result was declared, it has since recovered all its losses and closed the month of June at a YTD high of almost 27,000. Though there may be individual stocks and sectors where revenues are likely to be directly impacted, the market as a whole has shown significant resilience, waiting as it were for Britain to formally initiate the process of exit before assessing its overall impact.
If you are beginner in the International Market at SapForex24 is introducing the best Free Forex Signals and for your good position in Economic World.
Read More:- http://www.sapforex24.com/
In an unexpected move, Britain chose to Exit out of the EU on Friday. After the exit from EU, Britain has two options from a policy perspective; one is to deflate and second is to devalue. Due to this separation, Britain has lost their single market for British goods.
•The basic reason for Brexit apart from the concerns of immigrants outnumbering the locals was that, a lot of euro nations have a large amount of debt in government’s balance sheet. For the past 400 years, Europe fought lot of internal battles. After Second World War wisdom dawned upon them that there should be collaborations instead of battles, so eventually after 30-35 years, it led to the formation of the European Union. But after the Second World War incumbent governments in Europe realized that after the 400 years of war and keeping their population in to eternal stress and debt, they have to provide them more prosperous future. So apart from the all the fruits of industrial revolution that they have meaningfully enjoyed, they made lot of social welfare promises to their illiterate. Most of those people are retired today and at their old age, the government is legally bound to provide these benefits to them such as healthcare benefits, social security benefit and pension benefits etc.
After the uncertainty of the Brexit verdict got over, the market rallied in the last week. The market got off on the
wrong foot on the day of the Referendum results and corrected by almost 1000 points. But the market soon
realized that the renewal in trade agreement between UK and Euro is not going to happen anytime soon and it will
take around 1-2 years. India being an emerging nation, the impact of this event is quite limited. After this the
market resumed its upt uptrend. Since budget, the nifty is up by 1000 points, and in percentage terms it has gained
22%. We should remember that it is still 10% off of the it’s all time high, which was achieved in March 2015.
• Despite the fact that the PE multiple of the Indian Markets is 17 – 18 times, the FIIs continue to invest in India on
account of better growth prospects, better earning visibility. India is the only trillion dollar economy which is
growing on 7.5%, which makes it a lucrative long term story.
Dear Investors,
Billionaire investor Wilbur Ross said "Ultimately, I think it will be the world's most expensive divorce. But like most divorces, it's probably going to take a lot longer than it should." The Brexit vote to leave the European Union sent shock waves across the globe. Though the pre-poll surveys had indicated a close call, it was largely expected that sanity would prevail on referendum day and the British populace would vote to Remain. The ramifications of an eventual Brexit are likely to be long-drawn and far-reaching. Apart from the impact it has had on the currency markets, there is an imminent danger of other countries wanting to follow suit. This may lead to the ultimate breakdown of the EU, causing geo-political chaos with the danger of recession.
The equity markets seemed to have temporarily shrugged off the event. While the Sensex tanked by over 1000 points when the Brexit result was declared, it has since recovered all its losses and closed the month of June at a YTD high of almost 27,000. Though there may be individual stocks and sectors where revenues are likely to be directly impacted, the market as a whole has shown significant resilience, waiting as it were for Britain to formally initiate the process of exit before assessing its overall impact.
If you are beginner in the International Market at SapForex24 is introducing the best Free Forex Signals and for your good position in Economic World.
Read More:- http://www.sapforex24.com/
In an unexpected move, Britain chose to Exit out of the EU on Friday. After the exit from EU, Britain has two options from a policy perspective; one is to deflate and second is to devalue. Due to this separation, Britain has lost their single market for British goods.
•The basic reason for Brexit apart from the concerns of immigrants outnumbering the locals was that, a lot of euro nations have a large amount of debt in government’s balance sheet. For the past 400 years, Europe fought lot of internal battles. After Second World War wisdom dawned upon them that there should be collaborations instead of battles, so eventually after 30-35 years, it led to the formation of the European Union. But after the Second World War incumbent governments in Europe realized that after the 400 years of war and keeping their population in to eternal stress and debt, they have to provide them more prosperous future. So apart from the all the fruits of industrial revolution that they have meaningfully enjoyed, they made lot of social welfare promises to their illiterate. Most of those people are retired today and at their old age, the government is legally bound to provide these benefits to them such as healthcare benefits, social security benefit and pension benefits etc.
Slight optimism outshines numerous challenges
As 2016 rolls to a close, the Ukrainian economy is finding stronger footing. The pace of recovery remains slow, but it looks sustainable and the chances of a meaningful acceleration in 2017 are high. Inflation is still in the high single digits, but a hike in regulated utility tariffs should boost it to near the NBU’s 12% target by year-end. The FX market is nearly balanced and the NBU is taking advantage of slight surpluses to replenish reserves. Ukraine’s external accounts look reasonably strong but they still pose a risk to the economy; any external shock could trigger market jitters. Smooth relations with the IMF and other IFIs remain a key precondition for the recovery of investor and domestic consumer confidence.
Forex and comex daily report 17 june 16vanessa semos
SapForex24 recommend Accurate Forex Trading Signals for International Market. So catch out our FOREX and COMEX signal.
Read More:- http://www.sapforex24.com/
Global bond yields are at historical lows which mean global bond prices have rallied across developed markets while S&P 500 is close to its historical high. This by itself is a dichotomy as bond prices and equity prices are not expected to rally together at the same point. Either of the two has to be true.
•Bond prices and yields are inversely related therefore, bond prices rally when yields and interest rates are expected to be low. Interest rates are expected to be low because growth prospects are low. This would entail the central banks to cut rates and because the demand for credits will be low due to the low growth prospects, the yields are expected to be low which explains the rally in bond prices. Considering this, the rally in the equity markets is not possible as there is no expectation for growth. This is the dichotomy that the global world is at particularly in the developed markets. In the light of the current scenario, either of the two has to give in i.e. either bond prices correct leading to normalcy in yields or equity markets give in.
Los especialistas del equipo de D&B´s Country Insight, teniendo en cuenta los últimos acontecimientos globales, ofrecen esta actualización del análisis del World Watch-Observatorio Mundial.
The markets have been struggling to cross the 8000 level on the Nifty lately. If we consider the previous quarter
individually, the markets have given stellar returns. Most of the indices have given double digit returns, mid cap
index has given around 14% returns. We can observe that the market has given absolute returns in the previous
quarter but is finding it difficult to shape up the further movement.
• Going forward, the market will focus on the upcoming news flows. The non corporate macro data still remains
mixed. The CPI numbers have been reported at 5.4%, higher than expectations, but broadly it remains in the
RBIs comfort zone of 5 - 5.5%. The WPI was reported in the positive territory after 17 Months at 0.7%. The bigger
worry currently is the possible delay in monsoons according to a statement by the IMD. If the delay is only by a
week, there is not much a need for worry for the kharif season. If the monsoon is delayed further, that would
impact the inflation further upwards. This in turn would delay the rate cut expected in the next bi monthly policy
meet.
Forex and comex daily report 20 june 16vanessa semos
Sapforex24 is a big Hub for making huge money by best Trading signal. If you want Forex and Comex live update, so take our profitable signal.
Read More:- http://sapforex24.com/
From the Desk of the CEO.
The heat is on. While many of us have been vacationing in cooler climes, the Sensex has kept itself rather busy, gaining another 4% during the month of May. The upmove has come largely on the back of better-than-expected corporate results and expectations of a good monsoon. Markets are also taking cognisance of various indicators like improved auto sales, higher steel and cement offtake, public infrastructure spending, etc. which are positive signs of an imminent economic recovery.
Crude prices have silently crept up and are currently hovering at the $50 level, almost double from the January lows. So despite the adverse implications of higher crude prices on the Indian economy, there seems to be some positive correlation between crude prices and the equity markets. Though this pattern may not have always played out in the last few decades, the first few months of 2016 certainly seem to indicate so. The main reason for this is the significantly high weightage that the Energy sector has in indices the world over. When oil plummeted to sub-$30 levels, it seriously impacted the profitability of some of the world’s biggest corporations, not only causing their stock prices to fall sharply, but also impacting the broader markets in general. It also indicated a global recessionary trend, thus affecting investor sentiment and causing them to become nervous and risk-averse. The bounce back in crude has brought the price to a level that makes it profitable for companies to drill, creating a sense of well-being for both, the Energy sector as well as the countries whose economies are dependent solely on oil. Where crude prices go from here remains to be seen.
After several quarters of benign inflation, the WPI rose to 0.34% while retail inflation soared to 5.39% in April 2016. This, coupled with higher oil prices would make it difficult for Governor Rajan to announce a rate cut at the next RBI policy meeting on 7th June. Across the globe however, Janet Yellen’s comments on improving economic data in the US has the markets believing that a rate hike by the US Federal Reserve is a high possibility during its next meeting in mid-June. The outcome of Britain’s referendum on Brexit is also an event that we will be closely watching.
With markets factoring in all the good news for now, conventional logic says that short term investors need to be cautious. But when the stock market catches momentum, all negative predictions may be proven wrong.
There are of course, many more bulls than bears when it comes to a 1 year plus view. Long term investors may continue their investments and look to buy into any dips.
Wish all of you a happy monsoon season.
The S&P 500 edged up and the Nasdaq reached another
record closing high on Thursday after the European Central
Bank said it would avoid raising interest rates until mid-
2019, and data showed US economic strength.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Slight optimism outshines numerous challenges
As 2016 rolls to a close, the Ukrainian economy is finding stronger footing. The pace of recovery remains slow, but it looks sustainable and the chances of a meaningful acceleration in 2017 are high. Inflation is still in the high single digits, but a hike in regulated utility tariffs should boost it to near the NBU’s 12% target by year-end. The FX market is nearly balanced and the NBU is taking advantage of slight surpluses to replenish reserves. Ukraine’s external accounts look reasonably strong but they still pose a risk to the economy; any external shock could trigger market jitters. Smooth relations with the IMF and other IFIs remain a key precondition for the recovery of investor and domestic consumer confidence.
Forex and comex daily report 17 june 16vanessa semos
SapForex24 recommend Accurate Forex Trading Signals for International Market. So catch out our FOREX and COMEX signal.
Read More:- http://www.sapforex24.com/
Global bond yields are at historical lows which mean global bond prices have rallied across developed markets while S&P 500 is close to its historical high. This by itself is a dichotomy as bond prices and equity prices are not expected to rally together at the same point. Either of the two has to be true.
•Bond prices and yields are inversely related therefore, bond prices rally when yields and interest rates are expected to be low. Interest rates are expected to be low because growth prospects are low. This would entail the central banks to cut rates and because the demand for credits will be low due to the low growth prospects, the yields are expected to be low which explains the rally in bond prices. Considering this, the rally in the equity markets is not possible as there is no expectation for growth. This is the dichotomy that the global world is at particularly in the developed markets. In the light of the current scenario, either of the two has to give in i.e. either bond prices correct leading to normalcy in yields or equity markets give in.
Los especialistas del equipo de D&B´s Country Insight, teniendo en cuenta los últimos acontecimientos globales, ofrecen esta actualización del análisis del World Watch-Observatorio Mundial.
The markets have been struggling to cross the 8000 level on the Nifty lately. If we consider the previous quarter
individually, the markets have given stellar returns. Most of the indices have given double digit returns, mid cap
index has given around 14% returns. We can observe that the market has given absolute returns in the previous
quarter but is finding it difficult to shape up the further movement.
• Going forward, the market will focus on the upcoming news flows. The non corporate macro data still remains
mixed. The CPI numbers have been reported at 5.4%, higher than expectations, but broadly it remains in the
RBIs comfort zone of 5 - 5.5%. The WPI was reported in the positive territory after 17 Months at 0.7%. The bigger
worry currently is the possible delay in monsoons according to a statement by the IMD. If the delay is only by a
week, there is not much a need for worry for the kharif season. If the monsoon is delayed further, that would
impact the inflation further upwards. This in turn would delay the rate cut expected in the next bi monthly policy
meet.
Forex and comex daily report 20 june 16vanessa semos
Sapforex24 is a big Hub for making huge money by best Trading signal. If you want Forex and Comex live update, so take our profitable signal.
Read More:- http://sapforex24.com/
From the Desk of the CEO.
The heat is on. While many of us have been vacationing in cooler climes, the Sensex has kept itself rather busy, gaining another 4% during the month of May. The upmove has come largely on the back of better-than-expected corporate results and expectations of a good monsoon. Markets are also taking cognisance of various indicators like improved auto sales, higher steel and cement offtake, public infrastructure spending, etc. which are positive signs of an imminent economic recovery.
Crude prices have silently crept up and are currently hovering at the $50 level, almost double from the January lows. So despite the adverse implications of higher crude prices on the Indian economy, there seems to be some positive correlation between crude prices and the equity markets. Though this pattern may not have always played out in the last few decades, the first few months of 2016 certainly seem to indicate so. The main reason for this is the significantly high weightage that the Energy sector has in indices the world over. When oil plummeted to sub-$30 levels, it seriously impacted the profitability of some of the world’s biggest corporations, not only causing their stock prices to fall sharply, but also impacting the broader markets in general. It also indicated a global recessionary trend, thus affecting investor sentiment and causing them to become nervous and risk-averse. The bounce back in crude has brought the price to a level that makes it profitable for companies to drill, creating a sense of well-being for both, the Energy sector as well as the countries whose economies are dependent solely on oil. Where crude prices go from here remains to be seen.
After several quarters of benign inflation, the WPI rose to 0.34% while retail inflation soared to 5.39% in April 2016. This, coupled with higher oil prices would make it difficult for Governor Rajan to announce a rate cut at the next RBI policy meeting on 7th June. Across the globe however, Janet Yellen’s comments on improving economic data in the US has the markets believing that a rate hike by the US Federal Reserve is a high possibility during its next meeting in mid-June. The outcome of Britain’s referendum on Brexit is also an event that we will be closely watching.
With markets factoring in all the good news for now, conventional logic says that short term investors need to be cautious. But when the stock market catches momentum, all negative predictions may be proven wrong.
There are of course, many more bulls than bears when it comes to a 1 year plus view. Long term investors may continue their investments and look to buy into any dips.
Wish all of you a happy monsoon season.
The S&P 500 edged up and the Nasdaq reached another
record closing high on Thursday after the European Central
Bank said it would avoid raising interest rates until mid-
2019, and data showed US economic strength.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Ahli bank weekly capital markets newsletter 25th 29th of august 2019
1. المالية والمؤسسات واالستثمارات للخزينة األهلي مجموعة
Ahli Treasury, Investments & Financial Institutions Group
1
INVESTMENT استثمار
Sector Index Chg. % Index Closing (Points)
Financial -0.86% 2,473.38
Services -0.65% 1,306.78
Industrial 0.67% 1,786.89
JOD 15.03 Bn -6.77% -4.59%
Market Cap. Cap. % (YTD) Index % (YTD)
Ahli Bank Weekly
Capital Markets Newsletter
During (25th
- 29th
of August 2019)
Jordan Ahli Bank Share Performance During (25th
- 29th
of August 2019)
Closing
0.96
% Chg.
0.00
High
0.97
Low
0.95
JDs
111,368
Shares
116,602
Amman Stock Exchange (ASE) Market Information Jordan Ahli Bank Ownership Structure
Closing Change (Points) Chg. %
1,821.11 -9.19 -0.50%
Traded Value (JDs) Change (JD’s) Chg. %
40,585,124 18,126,979 80.7%
Traded Volume (Shares) Change (Shares) Chg. %
34,576,022 15,042,572 77.0%
ASEIndex
Sector Performance
Most Traded Companies
Company Close Traded Value (JD)
Specialized Investment Compounds 1.99 7,903,811
Jordan Islamic Bank 2.81 5,037,692
Century Investment Group (holding) 2.25 2,700,701
Company
Specialized Investment Compounds 1.99 4,304,437
Rum Group For Transportation & Tourism Investment 0.66 3,860,666
Jordan Islamic Bank 2.81 1,794,894
Most Active Companies
Company Symbol Close Chg. %
International Cards CARD 0.19 26.67%
International Brokerage & Financial Markets IBFM 0.39 14.71%
Specialized Investment Compounds SPIC 1.99 14.37%
Alshamekha for Real Estate & Financial Investments VFED 1.32 13.79%
Top ASE Gainers
Top ASE Decliners
Weekly Value Traded by Sector / JD Mn
ASE - Index (YTD)
Company Close Chg. %Symbol
Jordan Decapolis Properties 0.52 -8.77%JDPC
Amwaj Properties 0.11 -8.33%AMWJ
Al-rakaez Investment 0.35 -7.89%RICS
Jordan Industrial Resources JOIR 0.12 -7.69%
Market Breadth
36 Gainers
64 Decliners
43 Unchanged
2. المالية والمؤسسات واالستثمارات للخزينة األهلي مجموعة
Ahli Treasury, Investments & Financial Institutions Group
2
INVESTMENT استثمار
USD Libor
O/N 2.08963 pct.
1 Month 2.08900 pct.
3 Months 2.13763 pct.
6 Months 2.03650 pct.
1 Year 1.97400 pct.
Oil & Gold
FX Rates
JOD Interest Rates
“Jordanian Government Curve”
Gold 1519.85
Light Crude 55.16
EUR / USD 1.0988
GBP / USD 1.2166
AUD / USD 0.6738
USD / JPY 106.30
USD / JOD 0.708—0.710
Window 3.750 Pct.
1 Wk CDs 4.500 Pct.
1 Year T-Bills 4.340Pct.
2 Years T-Bonds 4.339 Pct.
3 Years T-Bonds 4.572 Pct.
5 Years T-Bonds 5.170 Pct.
7 Years T-Bonds 5.492 Pct.
10 Years T-Bonds 6.093 Pct.
15 Years T-Bonds 6.730 Pct.
Global News:
Prime Minister Boris Johnson will suspend Britain’s parliament for more than a month before Brexit, enraging
opponents and raising the stakes in the country’s most serious political crisis in decades. Johnson launched his
boldest move yet to take the country out of the European Union by October 31 with or without a divorce deal, by
setting a new date for a state opening of parliament. Known as the Queen’s Speech, the formal event will be held on
October 14 and be preceded by a suspension of the House of Commons, meaning parliament will not sit between
mid-September and mid-October.
Two Federal Reserve policy makers separately suggested that headwinds confronting the US economy might warrant
another cut in interest rates. The comments -– by Fed regional bank presidents Robert Kaplan of Dallas and Mary
Daly of San Francisco –- reinforce last week’s message from central bank Chairman Jerome Powell that a September
rate reduction is likely.
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on
Friday, less than 48 hours before U.S. tariffs kick in on an additional $125 billion in Chinese goods.
Bank of Japan board member Hitoshi Suzuki said on Thursday that further declines in borrowing costs could hurt
consumer sentiment and the economy by prompting financial institutions to charge fees on bank deposits. “If the
BOJ were to consider and implement specific monetary easing measures, it will take action deemed appropriate at
the time while weighing the benefits and demerits of each step,” Suzuki said in a speech to business leaders in
Kumamoto, southern Japan.
Oil prices were trading down sharply on Friday morning hovering near $60 a barrel, after earlier it looked like they
might be heading for their biggest weekly gain since the beginning of July, thanks to a huge U.S. inventory draw, a
hurricane approaching Florida, and somewhat softened U.S. vs China trade war rhetoric.
Global markets were rattled at the start of the month after US president Donald Trump announced ramped-up tariffs
against China, sparking a back-and-forth of retaliatory responses.
FOMC 2019 Meeting
Date
FED Funds
Rate
Jan 30,2019 2.25 - 2.50
Mar 20,2019 2.25 - 2.50
May 1,2019 2.25 - 2.50
Jun 19,2019 2.25 - 2.50
Jul 31,2019 2.00 - 2.25
Sep 18,2019
Oct 30,2019
Dec 11,2019
Prime Minister, Omar Razzaz, said Jordan is capable of overcoming the economic difficulties and challenges it is facing at this stage, as it had over
previous years. During a meeting with the chairman and members of the Jordan Chamber of Commerce (JCC), Razzaz added: "We have no doubt to
overcome various challenges. What we need is not to be overly optimistic, but hard work and partnership based on true evaluation."
The premier noted the government has a duty to review the legislation, laws, standards, and procedures to serve the commercial sector, which is an
important sinew of the national economy, while it is not permissible to draw a "pessimistic and negative" future without objective grounds.
The Jordan Phosphate Mines Company (JPMC) on Tuesday exported 79,400 tonnes of phosphate to India, increasing the total amount exported to India
this month to 414,000 tonnes, which is the greatest amount in the history of the company since its establishment. JPMC Chairman Mohammad Thneibat
said that the shipment was loaded on board of one of the biggest vessels available during one day, which is a “record, and unprecedented in time”,
revealing the competence of workers at the phosphate export port in Aqaba, the Jordan News Agency, Petra, reported.
630,000 people covered by unemployment insurance; The Social Security Corporation (SSC) on Saturday urged subscribers covered by unemployment
insurance to apply for disbursement of unemployment allowances in case their services were ended for any reason at their workplaces. The SSC
specified that the insurance will only be available to unemployed people who have not yet found jobs at other places, as this type of insurance only
provides temporary income to help the insured manage their livelihoods until they find a work opportunity.
Jordan advanced by 11.5 points in the mobile connectivity to the Internet index to 53.8 points in 2018, compared to 42.3 points in 2014, as shown by a
Global System for Mobile Communications Association report. The index, which includes 163 countries, evaluates the advancements of countries in
terms of Internet use over the period 2014-2018, the Jordan News Agency, Petra, reported on Wednesday. On the international competitiveness index,
the Kingdom advanced four ranks in 2018 to the 52nd among 63 countries, compared with the 56th in 2017, according the annual report of the
International Institute for Management Development.
Iranian minister says Europe has two options to save the nuclear deal; Europe should either ask Washington to restore sanctions waivers for buyers of
Iran’s oil or provide a credit line to the Islamic Republic if it wants to save the nuclear deal, the country’s deputy foreign minister, Abbas Araghchi, said in
an interview to state TV. The two options have been relayed to French President Emmanuel Macron over the course of several recent phone calls with
Iran’s President Hassan Rouhani, according to Araghchi. Both leaders have exchanged initiatives and ideas over how the 2015 nuclear deal, which the US
abandoned last year, can be preserved, he said.
Lebanon CDS hit record high, bonds under pressure amid escalating Israel tensions; The cost of insuring exposure to Lebanon's sovereign debt rose to a
record high on Tuesday, as a flare up in tensions with Israel compounded mounting worries about the country's finances. Lebanon's five-year credit
default swaps (CDS) rose to 1,205 basis points (bps), up 9 bps from Monday's close, data from IHS Market showed, as many of the country's bonds also
hit new all-time lows. President Michel Aoun had said on Monday that Lebanon had a right to defend itself, likening Israeli drone strikes to a "declaration
of war" amid rising tensions between Hezbollah and Israel.
Egypt cut interest rates for the first time in six months as slowing inflation and a stable currency allowed the central bank to shrug off the risk of
contagion from an emerging-market selloff. The Monetary Policy Committee reduced its benchmark deposit rate by 150 basis points to 14.25% and its
lending rate to 15.25%, the bank said Thursday in a statement. “As incoming data continued to confirm the moderation of underlying inflationary
pressures, the MPC decided to cut key policy rates,” the central bank said. “This remains consistent with achieving the inflation target of 9%, plus or
minus 3%age points, in 2020 Q4 and price stability over the medium term.”
Local News:
Regional News:
3. المالية والمؤسسات واالستثمارات للخزينة األهلي مجموعة
Ahli Treasury, Investments & Financial Institutions Group
3
INVESTMENT استثمار
Disclaimer:
The trading and financial related data contained in this report has been obtained from sources considered by Jordan Ahli Bank to be
reliable in all material respects. However, the accuracy, fairness and completeness thereof are not guaranteed by Jordan Ahli Bank and
its employees and its third-party suppliers shall have no liability for errors or omissions with respect to the service or its delivery, re-
gardless of the cause or source of such error or omission. This is not an invitation to buy or sell stocks traded in Amman Stock Exchange.
The Purpose of this report is to provide information and analysis related to Amman Stock Exchange and assists investors to obtain infor-
mation to support their decisions. The reader should not make any investment decision solely based on the information contained in
this report and he/she should consult with his/her investment advisor before investing. This report is a copyright of Jordan Ahli Bank
and should not be reproduced or redistributed partially or fully in away shape or manner without the express written consent of the
Jordan Ahli Bank.