Hala,
🥚🥳 A perfectly spherical “one-in-a-billion” egg sells for £200 (AED 921) in the UK!(1) The buyer saw the opportunity and scrambled to seal the deal. Talk about an egg-stra special investment! 😂🍳
📉📊 The Dow closed at 43,417 (-0.69%) after a nine-day losing streak — the longest since 1978! Meanwhile, the broader market seems unfazed: the S&P 500 sits at 6,043.75 (-0.51%), still near its Dec. 6 record, and the Nasdaq 100, at 21,967 (-0.59%), after hitting a fresh high just this Monday.(2) Talk about a mixed bag! 🤔📈
📈🌟 Thanks to a major lift from EMAAR, Dubai’s index rose 0.6% to 5,080, hitting its highest in over a decade, while Abu Dhabi slipped 0.2% to 9,261.(3) Looks like Dubai’s shining while Abu Dhabi’s taking a breather! 🏙️📉
amana’s Take
- The U.S. Dollar slipped to 106.85 as traders priced in a 25-basis-point Fed rate cut, potentially bringing the target range down to 4.25%-4.50%. It’s a balancing act: the Fed stays cautious, but markets are hearing “dovish” and running with it.
- November retail sales surprised with a 0.7% jump, showing consumers still have gas in the tank. But weaker industrial production data rained on the parade, keeping the rate-cut buzz alive and muting the Dollar’s momentum.
- Treasury yields are holding up for now, capping the Dollar’s decline, but all eyes are on the Fed’s projections and official chatter. Traders know the drill: one dovish hint, and the Dollar could lose more altitude — call it a slow dance with gravity.
🎢💴 BOJ’s Tightrope Tango!
The Bank of Japan (BOJ) is tiptoeing across a tightrope of interest rate decisions, with Governor Kazuo Ueda leading the balancing act. Traders are glued to this week’s policy meeting as the central bank navigates uncharted waters, debating how high rates can climb without tipping the economy overboard. Will BOJ pull off this high-stakes act, or are they flirting with a splash? 🌊💡
📊💹 Balancing the Rate Equation:
- Neutral Rate Mystery: BOJ staff suggest rates could go to around 1%, but there’s no consensus.
- Economic Signals: Pessimists warn that weak consumption might keep the neutral rate lower.
- Timeline Talk: Analysts expect rates to hit 0.5% by March, with a cautious climb to 0.75% by September 2025.
- Inflation Insights: Core inflation dropped to 2.3% in October, down from 4.2% in January.
- Consumer Clues: Meanwhile, growth is slowing, with Q3 consumption up just 0.7%.
🗼📈 High Wire Acts Ahead!
Since ditching its decade-long stimulus program, the BOJ has been performing a delicate dance, raising rates to 0.25% in July. Now, the stakes are even higher. With inflationary pressures easing and Japan’s growth taking baby steps, Governor Ueda and team must decide whether to pick up the pace or take it slow. All in all, this balancing act could either end in applause or a collective gasp. 🤔🔮
Closer to Home
- 📊 Emaar Properties’ stock finally hits the brakes after a 30% surge in two days! After cruising past the 15% trading limit twice, today’s 0.79% dip shows some investors couldn’t resist cashing out.(5) Guess even record dividends can’t fuel a third straight joyride. 🏙️
- 🎉First Dh100,000 UAE Lottery winner announced! Mirza Omair Baig struck gold with the Golden 7 Scratch Card. Guess luck finally found its way to Mirza through the sand dunes.(6) 🏆
- 🌧️ Light rain hits Dubai, Abu Dhabi, and Sharjah — drive carefully on those “slippery” roads. And let’s hope the drainage system can handle it this time.(7) ☔
What Else Is Trending
- 🚗 Honda and Nissan are revving up talks, eyeing a merger to form the world’s №3 auto giant.(8) If they pull this off, they might need to fight over whose name goes first on the logo. 🤝
- 📉 Nvidia slides further into correction territory while Broadcom flips from gains to losses. Despite Tuesday’s dip, Nvidia is up over 160% this year, with Broadcom trailing at a solid 120%.(9) AI chips might be their playground, but Wall Street’s bets are no game of Pong. 🎮
- 📉 Meanwhile, Moody’s downgraded seven French banks, including BNP Paribas and Credit Agricole, citing weakened public finances amid political gridlock.(10) Seems French banks’ ratings are on thin ice. ⛸️
💬Quote of the Day
“Being on the tightrope is living; everything else is waiting.” — Karl Wallenda, German-American artist
Build your plan: https://amana.app/campaigns/amanainvest
Sources:(1) NDTV, (2)(9) CNBC, (3)(4)(8) Reuters, (5)(6)(7) Gulf News, (10) Bloomberg
