Most stock markets in the Gulf ended higher on Tuesday as investors await key U.S. economic data due later in the week.
Markets have already pushed out the potential timing of first easing of rates from May to June © Mena Today
Most stock markets in the Gulf ended higher on Tuesday as investors await key U.S. economic data due later in the week.
Inflation data from several major economies and manufacturing figures out of China are in focus this week.
Most closely monitored will be Thursday's release of the U.S. personal consumption expenditures price index, which the Federal Reserve uses to track its 2% inflation target.
Markets have already pushed out the potential timing of first easing of rates from May to June, with the current probability priced at around 70%. Futures imply a little more than three quarter-point cuts this year, down from five at the beginning of the month.
Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually followed by Qatar, the United Arab Emirates and Saudi Arabia.
Reuters
The United Arab Emirates' withdrawal from OPEC weakens the group's control over global oil markets and potentially risks widening a rift with Gulf neighbour Saudi Arabia, the de facto leader of the crude producers' organisation.
The emirate's foreign trade figures signal a deepening integration into global markets and accelerating economic diversification away from hydrocarbons.
Aldar Properties, Abu Dhabi's largest real estate developer and asset manager, has reported robust first-quarter 2026 results, with net profit after tax climbing 20% year-on-year to AED 2.3 billion ($626 million), on revenues of AED 8.7 billion ($2.4 billion).
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.