Tadawul Review:

Tadawul All Share Index (TASI) ended Sunday’s session up by +6 points (+0.05%) to close at the 12,209 level. TASI opened the session with gains of +21 points and continued rising by 69 points in the first hour to reach the highest level for the day. Afterwards, the index slowly fluctuated during the session as it steadily declined until its close. In general, 10 out of 20 sectors closed in the green zone, while 120 shares rose and 94 fell. Banks (+0.2%), Materials (+0.6%), and Real Estate (+1.2%) sectors contributed the most to the index rise. Stockwise, Al Rajhi Bank (+0.5%), Riyadh Bank (+2.2%), and Maaden (+2%) were the major contributors. The trading volume and value activity declined by -15% and -21 respectively, to reach 274mn shares and SAR7.8bn in value

 

 

 

Market Wrap International:

In the U.S., the pulse of US inflation likely continued to slow at the start of the year, helping to feed ‎expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming ‎months as the core consumer price index is seen increasing 3.7% in January from a year earlier. Investors ‎will also monitor Fed officials speaking in the days following the CPI data, to gauge the timing ‎of any future rate cut.‎

In Europe, investors are eagerly awaiting the release of wage numbers, which are expected to show the weakest pay pressures since 2022. This news is likely to please Bank of England officials and global peers who are shifting towards rate cuts. The European Central Bank's upcoming outlook on inflation and economic growth in March will be crucial for deciding when to start cutting interest rates.

 ‎In Asia, Japan’s economy is expected to rebound from its dismal performance over the summer, providing ‎another signal for the Bank of Japan as it prepares to end its negative rate policy. China’s markets ‎will be closed for Lunar New Year celebrations, and no major releases are scheduled.‎