Author

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

Oil rises on potential OPEC+ delay

Ahmed Ashraf Sep 5, 2024

Oil prices saw a slight rise on Thursday after dropping to low levels in recent months, with gains driven by expectations of delaying production increases from the OPEC+ alliance and a sharp decline in U.S. crude inventories. According to…
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BofA Lowers China Growth Forecast, Says Beijing Unlikely to Increase Stimulus

Ahmed Ashraf Sep 4, 2024

According to Bank of America (BofA), China's economic growth is facing significant challenges in the near future, prompting the bank to lower its growth forecast for the world's second-largest economy. The main reason for this downgrade is…
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Citi: Investors Bullish on US Stocks, But Momentum Weakens

Ahmed Ashraf Sep 3, 2024

Analysts at Citigroup reported on Monday that investor optimism toward U.S. stocks remains strong, despite the noticeable decline in market momentum recently. These analysts suggest that this slowdown in momentum reflects somewhat cautious…
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A Look upon Asia’s Manufacturing Recovery

Ahmed Ashraf Sep 2, 2024

Private results released on Monday showed that Asian factories, including China's manufacturing sector, exhibited signs of a tentative recovery in August, with chip manufacturers benefiting from strong demand. However, economic challenges…
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