SpaceX has reached a milestone nearly two decades in the making. The company, after completing a successful roadshow and pricing its offering, begins trading today on the Nasdaq under the ticker SPCX at $135 per share. At roughly 555.6 million shares and a ~$75 billion raise, that implies a
markets
U.S. Markets US equity markets fell sharply on Friday, with the SPX closing 2.92% lower and the NDX closing 5.12% lower, marking one of the worst falls in history for the index. Both indices have stabilised during the Asian session on Monday, with the SPX index trading higher, up 0.81%, while the NDX index is […]
U.S. Markets U.S. stock futures traded lower on Friday as investors awaited the release of the May Nonfarm Payrolls report for fresh insight into labor market conditions and the likely path of Federal Reserve policy. At the time of writing, the S&P 500 is down 0.41%, while the Nasdaq 100 is lower by 0.83%. Last […]
U.S. Markets The S&P 500 ended Thursday’s trading session 0.17% up, continuing Wednesday’s momentum, as investors focused on hopes for Middle East peace, while oil prices and bond yields retreated. Markets remained highly sensitive to geopolitical headlines throughout the week. Unresolved issues around Iran’s uranium program and control of the Strait of Hormuz continue
Oil markets remain locked in a battle between hopes for diplomacy and mounting geopolitical risks, with supply concerns continuing to dominate price action and sentiment. According to Nagham Hassan, Market Analyst at eToro, the market has moved beyond pricing in a temporary geopolitical premium and is now reacting to what increasingly resembles a structural supply […]
Government bond yields are rising across major economies including the US, UK, Europe and Japan, as investors reassess inflation risks amid higher energy prices, geopolitical tensions and growing fiscal pressures. The move higher in sovereign yields reflects increasing market acceptance that interest rates may remain elevated for longer than previously expected, despite
Aramex, a leading global provider of comprehensive logistics and transportation solutions, has announced the appointment of Archer Fu as Senior Vice President (SVP) East, effective May 2026. In his new role, Archer will play a pivotal role in driving the company’s growth strategy across the Eastern region, covering Oceania, North Asia and South East Asia, […]
ADI Foundation and SettleMint today announced a strategic partnership to develop digital securities infrastructure on ADI Chain, supporting the tokenization of securities under the ADGM’s regulatory framework. The partnership brings together two distinct capabilities into a single, integrated digital securities infrastructure. ADI Foundation provides the compliance-ready
DFM The DFM General Index ended the week higher on 8 May 2026, rising +2.35% from AED 5,766.85 to close at AED 5,902.21. During the week, 30 stocks gained, 8 declined, and 3 remained unchanged. The index was supported by several strong-performing names during the week. ALEC rose +8.21% to AED 1.45, while EMPOWER gained […]
Equities hit fresh records as Hormuz tensions ease, but gold’s persistent bid suggests the geopolitical premium has not fully left the room. WTI crude pulled back from Monday’s Strait of Hormuz spike on Tuesday, as Washington signalled that a short-term naval corridor solution was in progress – freeing equity markets to focus on a strong […]
US Dollar Index The U.S. Dollar Index (DXY) closed Thursday’s session around 0.89% weaker, closing near the 98 level. Friday’s early session initially saw some support, but momentum turned bearish with the index falling further by 0.16%. The dollar’s weakness saw the EUR/USD pair jump up 0.47%, while a major catalyst turned the USD/JPY pair 2.40% lower. On the […]
Following the Fed meeting yesterday, our spokesperson, Hamza Dweik, Head of Trading (MENA), Saxo Bank, has shared his insights on the developments. “Yesterday’s Federal Reserve meeting largely confirmed what markets had been signaling going in: policy remains firmly in a holding pattern, with the Fed emphasizing patience and data dependence rather than urgency.
Equity markets in the UAE have become increasingly news-flow driven in the short term, with recent geopolitical developments highlighting how quickly sentiment can override fundamentals. Although the news of a resumption of talks between the US and Iran has temporarily bolstered investor sentiment, prompting the UAE market to close in the green on Friday. Looking […]
U.S. Markets SPX edged slightly lower yesterday amid the geopolitical developments which kept oil prices and yields elevated. However, the index’s close above the $7,100 level is a positive sign, given that the 0DTE options market now shows the highest positive GEX concentration at this strike. In today’s session, the index is trading 0.3% higher, […]
U.S. Markets The SPX notched another record close yesterday amid optimism over an extended ceasefire. The index rose 0.6% yesterday, closing at $7,130 with tech and AI infrastructure stocks driving the momentum. However, it is trading slightly lower today at around $7,100 amid developments in the Strait of Hormuz and rising oil prices. The bias […]
SEE Holding, the leading UAE-based sustainable urban development group, and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, today announced an advisory collaboration to support the early-stage development of ‘The Sustainable City’ projects across emerging markets in the Middle East, Central Asia, and Southeast Asia. The
U.S. Markets The SPX closed 0.6% lower yesterday amid market disappointment over news that deal talks between the US and Iran were delayed. However, indices are recovering in today’s session after President Trump announced yesterday, after market close, an extension of the ceasefire in Iran and the continuation of the blockade to exert economic pressure. […]
MoneyHash, the leading payment orchestration and infrastructure platform for emerging markets, today announced a multi-year partnership with Visa to enable Visa’s Cybersource across its platform, further strengthening its collaboration with one of the world’s leading digital payments networks. This milestone marks a significant evolution in the relationship between
U.S. Markets The SPX index is on track to end the week more than 3% higher, setting a streak of three consecutive weeks ending in the green. Equities are holding at record highs as investors stay optimistic after Trump also announced a 10-day ceasefire between Israel and Lebanon. The update eased fears of a wider […]
Global markets have entered the second quarter of 2026 with a clear narrative: investors are pricing the end of the conflict and the energy shock, not the reality of ongoing risks. This shift in expectations has driven a notable recovery across risk assets, with global equities rising more than 8% from their recent lows. Nowhere […]




















