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Century Financial

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UAE Markets Retreat as DFM and ADX Track Global Weakness Despite Strong Q3 Earnings – Comments from Vijay Valecha , CIO – Century Financial

DFM: The DFM General Index closed the week ending 14th November with a small 1.25% decline, near the AED 5,949 level. The index has been pressured recently, dragged by a slowdown in global equity indices. The index was pressured by the lagging performance of stocks like Emirates NBD Bank, which fell by 7.91%; Talabat Holding, […]
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Gold Hits 3-Week High ; Equities Rally on Shutdown Optimism – Comments from Vijay Valecha , CIO – Century Financial

US Markets  Yesterday’s session brought a sizeable risk-on rally, as indices rose following the Senate’s passage of legislation to end government shutdown. The S&P 500 was up +1.54%, while the Nasdaq surged higher by 2%. While the early trading today shows some modest weakness in the indices, this reflects profit-taking activity, rather than renewed risk
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Equities Surge on Political Breakthrough; Dollar Dips as Gold Extends Gains – Comments from Vijay Valecha , CIO – Century Financial

US Markets The Senate’s procedural vote to resolve the record-breaking government shutdown has injected strong bullish energy into equity markets, reigniting risk appetite among investors. S&P 500 jumped 0.6% and Nasdaq 100 surged 1%, signalling broad optimism that political uncertainty and its economic drag are fading quickly. Historically, shutdown resolutions have
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Oil Slips Again as Supply Fears Grow; Gold Holds Near Key Range – Comments from Vijay Valecha , CIO – Century Financial

US Markets The SPX slipped 1.12% yesterday, while the NASDAQ fell 1.9%. Over the week, the SPX has declined 1.75%, as investors have grown cautious amid stretched valuations and an uncertain economic outlook. Markets remain tense as the government shutdown drags on, now marking the longest in U.S. history. The closure is costing roughly $15 […]
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Oil Slips on Rising U.S. Stockpiles; Gold Steadies Ahead of Fed Cues – Comments from Vijay Valecha , CIO – Century Financial

US Markets   After a risk-averse week, markets saw a modest rebound yesterday, with the SPX up 0.37% and the NDX gaining 0.72%. Dip buyers stepped in, supported by upbeat U.S. economic data, giving the market some breathing room. From a fundamental view, the recovery remains fragile but supported. Tech majors like Amazon, Google, Tesla, […]
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Gold Holds Steady, Oil Slips as Market Volatility Returns – Comments from Vijay Valecha , CIO – Century Financial Services

US Markets   The SPX dropped 1.17% yesterday, marking its biggest decline since October 10. Since reaching its recent high on October 29, the index has fallen 2.18%. The selloff was mainly triggered by Palantir. Despite posting strong earnings, investors grew wary about its frothy valuations,  as the stock trades around 217x forward P/E. Meanwhile, […]
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Gold steadies above $4,000 as investors weigh China policy and Fed signals – Comments from Vijay Valecha, CIO – Century Financial

US Markets The SPX posted a modest gain of 0.2% yesterday, mainly driven by the Mag 7 stocks. Amazon rose 4% after announcing a multi-year strategic partnership with OpenAI. However, the broader market ended in the red, with over 300 index members retreating. The NDX gained 0.5%. From a fundamental standpoint, the index continues to […]
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Oil Rises as OPEC+ Halts Output Hike and Black Sea Tensions Lift Sentiment – Comments from Vijay Valecha, CIO – Century Financial

US Markets The week ended with a 0.74% gain, driven by stellar Q3 earnings from six of the Magnificent Seven. Sentiment was also lifted by signs of easing U.S.-China trade tensions, with the Nasdaq 100 up 1.9%. From a fundamental standpoint, upbeat earnings reignited AI momentum in the markets. However, the rally cooled slightly last […]
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Gold Hits Record $3,508.90 as Fed Cut Bets Rise, Oil Gains on Supply Risks – Comments from Century Financial

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Following a 0.84% increase yesterday, gold reached a record high of $3,508.90 in early trading today, as expectations of Federal Reserve rate cuts and rising concerns over the central bank’s independence fueled the multi-year rally in precious metals. ETFs added 104,284 ounces of gold to their holdings in the last trading session, bringing this year’s […]