Studies and reports

Global markets have rallied during the month of January to record one of the best monthly gains during the past 30 months. The markets have continued the upward trajectory on the back of optimism of potential resolution between the US and China, which could have a positive impact on global economies.

The next big wave of innovation in financial services will be driven by incumbents starting with a blank canvas, according to Oliver Wyman’s 2019 State of Financial Services report titled “Time to Start Again” launched today at the World Economic Forum Annual Global Meeting in Davos.

In a year marked by trade wars and political instability, Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, has announced American technology firms as the most traded among its UAE based clients in 2018.

Currencies

JPY to lose safe haven demand

Improved market and investor optimism backed by positive Sino-U.S trade suggestions saw global equities rally and safe haven currencies, like the yen, edge lower on suggestions that the U.S is considering reducing some tariffs on China during the negotiations as a way of getting more in return. USD was poised for its first weekly gain in four weeks as there were reports overnight suggesting that Treasury Secretary Steven Mnuchin was in favor to ease China tariffs. Even though the U.S Treasury denied the reports, the fact that the idea was floated has many believing that the Trump administration is keen for trade solution sooner rather than later to aid financial markets

New research* from Old Mutual International and Quilter Cheviot highlights the major role end-of-service benefits play in the retirement plans of workers in the UAE.