Saxo Bank

NEWS DESK

Silver surged by 4.5% to above $31 – Saxo Bank MENA – Market Report

News Desk 28/05/2024

Commodities: Oil increased as tensions escalated in the Middle East following the death of an Egyptian soldier in a clash with Israeli troops. WTI rose by approximately 1% from Friday’s close to near $79 a barrel, while Brent traded close to $83. Egypt’s military confirmed the death

Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 12/05/2024

Saxo Bank Client Survey Reveals Saxo Bank has unveiled the results of its latest client survey, shedding light on investor sentiments and expectations concerning the financial markets for the second quarter of 2024. Despite the unpredictability of the global financial market, investors’ responses echo concerns over prevailing market uncertainty. The Client Sentiment

Banking Finance

Saxo Bank announces $111 million net profit in 2023

PR News Desk 12/03/2024

Bank registers $136 billion in client assets Saxo Bank Group, a leading financial institution, has revealed its 2023 financial performance, reporting an adjusted net profit of $111 million, down from $121 million in 2022. Despite challenges like a $53 million software write-down and a $16 million impact from the Saxo Geely Tech Holding divestment, the […]

NEWS DESK

Crude oil prices rose to nearly 12-week high – Saxo Bank MENA Weekly Market Report

PR News Desk 29/01/2024

Summary: US PCE inflation data for December continued to support the notion of a disinflation trend. Despite reaching an intra-day record high at 4,907, the S&P 500 pulled back, closing the Friday session at 4,891, down 0.1%, primarily due to weakness in the information technology sector. The Nasdaq 100 declined by 0.6%, with Intel having […]