### Summary
Saudi Arabia's stock market ended higher on Sunday due to the rise in oil prices, although gains were limited as investors awaited further interest rate insight from the U.S. Federal Reserve.
### Facts
- 📈 Saudi Arabia's benchmark index gained 0.4%.
- 🚀 Petrochemical maker Saudi Basic Industries Corp rose 1.7%.
- 💹 Riyad Bank increased by 1.8%.
- ⛽️ Oil prices rose about 1% following a slump in U.S. crude production, leading to an anticipated supply tightness.
- 👥 Qatar's index edged 0.1% higher, boosted by a 1.3% gain in Commercial Bank.
- 📰 Investors will scrutinize a speech from Fed Chair Jerome Powell on Friday for clues about the interest rate outlook.
- 💱 Gulf countries tend to follow the Fed's rate move as most regional currencies are pegged to the U.S. dollar.
- 🇰🇼 Only the Kuwaiti dinar is pegged to a currency basket that includes the dollar.
- 📈 Egypt's blue-chip index added 0.4%, with tobacco monopoly Easter Company advancing 2.9%.
Stock indices finished the trading session mixed, with the Dow Jones Industrial Average (DJIA) falling while the Nasdaq 100 (NDX) and the S&P 500 (SPX) gained. Additionally, auto loan delinquencies are increasing as car prices become unsustainable, and gas prices are on the rise.
Gulf stock markets have a mixed performance as higher oil prices are offset by concerns over potential interest rate hikes by the US Federal Reserve.
Global markets show mixed performance, with Japan, China, Hong Kong, India, and Australia experiencing modest gains, while the US markets closed higher fueled by optimism over a possible pause in interest-rate hikes, as oil prices extend gains and gold prices remain near three-week highs.
World stock prices were mostly higher as investors awaited updates on U.S. inflation and China's economic data, while oil prices remained mixed amid concerns of ongoing inflation.
Most stock markets in the Gulf ended lower on Sunday due to profit-taking, except for the Egyptian index which reached a record high. Saudi Arabia's benchmark index dropped, highlighting the risk of economic contraction for the kingdom, while Egypt's blue-chip index gained, led by Beltone Financial Holding. UAE's Global Investment Holding also agreed to buy a stake in Egypt's main tobacco products maker.
Stock markets were mixed on Wednesday, with the S&P 500 and Nasdaq Composite making modest gains while the Dow Jones Industrial Average finished lower; small-cap stocks performed well, with Hayward Holdings and GEO Group seeing strong performances.
Sub-Saharan Africa's stock markets had a mixed performance in recent months, with some markets performing well and others falling, but factors such as economic growth, corporate earnings growth, and increased foreign investment are expected to support positive performance in the future.
U.S. stocks showed mixed performance as Treasury yields rose and a government shutdown was averted, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq Composite up 0.4%.
Stock markets ended mixed as investors processed the effects of the U.S. inflation report on the Federal Reserve's interest rate policy, with the S&P 500 declining by 0.27% and the Nasdaq Composite gaining 0.14%; in Asian markets, Japan's Nikkei 225 settled lower by 0.31% while Australia's S&P/ASX 200 slid 0.22%; in Europe, the STOXX 600 index was down 0.42% with Germany's DAX declining 0.25%, France's CAC 40 sliding 0.36%, and the U.K.'s FTSE 100 trading lower by 0.45%; and in commodities, Crude Oil WTI and Brent gained 0.82% and 0.89% respectively, while Gold traded lower by 0.88%.
Stocks were mixed on Friday as big US banks reported upbeat earnings, while concerns about the conflict in the Middle East kept investors cautious. The Dow Jones gained 0.2%, while the S&P 500 was down 0.3%, and the Nasdaq Composite slid about 1%.
U.S. stocks were mixed midsession Friday as consumer-sentiment survey showed a jump in inflation expectations and rising crude-oil prices and geopolitical tensions weighed on the Nasdaq, while the Dow Jones Industrial Average rose.
Stocks were mixed on Friday as big US banks reported upbeat profits, but investor concerns over the developing conflict in the Middle East kept the market cautious. The Dow Jones gained 0.4%, while the S&P 500 was down 0.1% and the Nasdaq Composite slid 0.7%.
The US stock market experienced mixed results as strong earnings from major banks were offset by weak consumer sentiment and surging crude oil prices.
The stock market experienced mixed results as consumer sentiment readings came in lower than expected, causing the major indexes to pull back, while earnings season began with big banks reporting their numbers.
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