Weekly Bulletin

Welcome to the Sky Option’s Weekly Bulletin, your go-to source for a concise overview of the latest market activities in the stock trading services industry.?

Join us as we dive into the significant developments and trends that shaped the past week, providing you with valuable insights to navigate the dynamic world of stock trading.

US Treasury Yields Soar While Wall Street Falters Amid Rate Concerns

Longer-dated US Treasury yields hit a 10-month high as investors grappled with the implications of prolonged high-interest rates and China's struggling economy. The benchmark 10-year yield touched 4.312%, nearing October's 4.338% and possibly marking the highest since 2007, while strong economic data and Federal Reserve meeting minutes suggesting continued inflation-focused policy bolstered yields but dampened stocks.?

The Fed's divided stance on further rate hikes raised concerns about tightening monetary policy's cumulative impact, contributing to market uncertainty. Despite positive jobless benefit claims data, the labour market's balance indicates a persistent need for Fed's economic cooling efforts, potentially prolonging higher rates.?

There was a mix of trading on Wall Street, and MSCI's global index and currency markets also showed fluctuations.

UAE Gold Price Movements

Here’s the gold price history for the past week.

What is Dubai Economic Agenda ‘D33’ Aiming at?

The Dubai Economic Agenda 'D33' seeks to transform Dubai into the ultimate global city for living and working, with a target value of AED32 trillion by 2033. Focused on human development, technology and global competitiveness, it aims to amplify Dubai's appeal as a hub for international businesses and investments by leveraging its strategic location and advanced infrastructure.

Let’s look at the goals of the D33 agenda:

• Boost foreign trade value from Dhs14.2tn to Dhs25.6tn in the next decade.
• Lift FDI in Dubai from Dhs32bn/year to Dhs60bn/year, totalling Dhs650bn in 10 years.
• Increase gov't spending from Dhs512bn to Dhs700bn, focus on growth sectors and traditional trade.
• D33 enhances business competitiveness, raising private sector investment to Dhs1tn by 2033 from Dhs790bn.
• Raise domestic demand value from Dhs2.2tn to Dhs3tn in the next decade, aligning with diversified economy vision.
• Generate Dhs100bn/year from digital transformation for new economic value.

Weekly Gainers and Losers (DFM)

Thanks for reading!