New York Times (January 9)
“Saudi Arabia is throwing open its doors to global investors.” From February, all overseas investors “will be allowed to buy and sell shares directly in 262 listed companies.” The question is whether they will want to. “The Tadawul All Share Index is down over the past year, vastly underperforming both the S&P 500 and major global stock indexes.” It is “the Gulf region’s biggest and worst-performing stock exchange,”
Tags: Buy, Global investors, Gulf region, Index, Overseas investors, S&P 500, Saudi Arabia, Sell, Shares, Stock exchange, Tadawul, Underperforming, Worst-performing
Financial Times (June 5)
“India’s benchmark Nifty 50 rose 2.3 per cent following a sharp sell-off on Tuesday after a shock election result.” Meanwhile “Japan’s Topix index led losses as it dropped 1.4 per cent, driven lower by a decline in the financial and energy sectors. The yen was the region’s worst-performing currency as it fell 0.6 per cent against the dollar to ¥155.75.”
Tags: Benchmark, Currency, Decline, Election, Energy, Financial, India, Japan, Nifty 50, Sell-off, Shock, Topix, Worst-performing, Yen
Financial Times (January 25)
The German economy is “faltering.” Despite promises of reform and rebound, “Europe’s largest economy is starting to look more like a slow-moving car crash…. In 2023 it contracted by 0.3 per cent, making it the world’s worst-performing major economy. This has been accompanied by policy setbacks, nationwide strikes, and a steep decline in the ruling coalition’s popularity.”
Tags: 2023, Car crash, Contracted, Decline, Economy, Europe, Faltering, German, Major economy, Promises, Reform, Setbacks, Strikes, Worst-performing
Pound Sterling Live (February 15)
“The British Pound is under pressure ahead of the weekend, holding the title of the worst-performing major G10 currency over the course of the past five trading days. Losses come as the government suffered a symbolic defeat…with pro-Brexit MPs voting against a motion tabled by the government.”
Tags: Brexit, Currency, Defeat, G10, Government, Losses, Pound, Trading, UK, Worst-performing
