Studies and reports

Equitativa, the largest REIT manager in the GCC, today reported the unaudited financial results for the nine-month period ending 30 September 2018 for Emirates REIT (CEIC) Limited (“Emirates REIT”, the “REIT”), the world's largest Shari'a compliant Real Estate Investment Trust.

Savvy investors have spent a sleepless night as the results of the US midterm elections rolled in. The Democratic Party worked tirelessly to win the House, and today they claim victory; the outcome, however, will be government gridlock. But will these results change the cyclical course of the financial market? It’s unlikely.

UAE markets ended higher during the session as Abu Dhabi was up by 1.1%, while Dubai traded flat for the day. The market breadth in Dubai was evenly poised between gainers and losers, while three remained unchanged for the day. Abu Dhabi rebounded during the session to report its highest daily gain in more than two months, which was supported by banking, energy and telecommunication sector stocks.

Currencies

Trendline breakout

S&P Global Ratings revised its risk trend on New Zealand to positive from stable after housingrelated imbalances in the economy moderated. GDP growth remained strong and the labour market continued to perform well. These factors, a steady interest rate environment and strong net migration signaled that the economy was in a relatively strong position.

Executives interviewed for the 2018 edition of the Business Barometer: Gulf CEO Survey carried out by Oxford Business Group (OBG) were largely upbeat in their outlook for the coming 12 months, buoyed by higher and more stable oil prices, although regional political volatility remained a cause of concern for many.