Research Reports

Global & GCC Capital Markets Review: February 2024

March 04 , 2024

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Executive Summary

A monthly publication that covers the performance of GCC and global Capital markets (Equity & Fixed Income)

Key Trends

  • GCC markets were mixed, gaining 4.3% in February, with Saudi Arabia and Qatar outperforming their peers.
  • Kuwait markets were up 2.4% in February, driven by strong earnings announcements.
  • Developed market equities were positive for the month, despite sticky inflation and indications from the U.S. Fed that an interest rate cut in March is unlikely.
  • Oil prices were up by 2.3% for the month, supported by the rise in European diesel demand, tighter oil supply due to ongoing geopolitical conflicts in the Middle East, and the OPEC+ decision to keep the production levels unchanged.

Table of Content

  • Asset Class Monthly Performance
  • Equities - Kuwait
  • Equities - GCC Markets
  • Equities - Developed & Emerging Markets
  • Fixed Income - GCC & Developed Markets
  • Oil Market
  • Cryptocurrencies

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