ASIA/PACIFIC
-The Australian stock market closed in the green on Monday as October inflation reading is due Wednesday (Nov. 27).
-Asian markets mostly rose with investors awaiting a slew of economic data this week including China industrial data and India’s third-quarter GDP numbers.
-The People’s Bank of China (PBoC) decided to keep its one-year medium-term lending facility (MLF) loan rate unchanged at 2%.
. EUROPE
-European stocks closed higher as global market sentiment rose.
-UK’s FCA has hit Barclays with a £40m fine for failing to disclose ties with certain Qatari investors as it scrambled to avert a bailout during the financial crisis.
-UniCredit offered to buy its fellow Italian lender Banco BPM for roughly 10 billion euros.
. AMERICAS
North America
-U.S. stocks gave back some ground over the course of the trading day but managed to close mostly higher.
Latin America
-The state of Brazil’s São Paulo has witnessed a remarkable surge in entrepreneurship, with 309,934 new businesses established by October 2024.
. AFRICA
-The Rwandan Franc (RWF) has depreciated by 16.3% against the US dollar during the 2023/2024 fiscal year due to economic contractions from geopolitical hangovers, The East African reported.
-Nigeria’s Gross Domestic Product (GDP) increased by 3.46% year-on-year in real terms during Q3, according to the latest report from the National Bureau of Statistics (NBS).
-The Central Bank of Egypt (CBE) expects inflation to stabilize at its current levels until the end of 2024.
. MIDDLE EAST
-Most Gulf stock markets were mixed as oil prices weakened and in the absence of fresh factors to trade on.
-Saudi Arabia’s Capital Market Authority (CMA) introduced a draft law expanding the scope of foreign nationals who may invest in shares listed on the All Tadawul Share Index (TASI).
-Qatar Stock Exchange (QSE) announced that the results of FTSE Russell Global Equity Index Series quarterly review, published on Nov. 22, will become effective on Dec. 23, for the Qatari market.
. COMMODITIES
GOLD
Spot gold was down 1.5% at $2,673.30 per ounce as of 0943 GMT while U.S. gold futures shed 1.4% to $2,674.90.
SILVER-PLATINUM-PALLADIUM
Spot silver fell 1.7% to $30.78 per ounce, platinum was down 1.1% to $952.60 and palladium slipped 0.4% to $1,005.25.
OIL
Brent crude futures fell 0.34%, or 26 cents, to $74.91 a barrel by 0931 GMT, while U.S. West Texas Intermediate crude futures were at $70.89 a barrel, down 35 cents, or 0.49%.
