Middle East
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
Brent crude oil futures for October delivery rose 1.3 percent to $77.29 per barrel
The total number of inbound tourists reached 27.4 million tourists in 2023, setting a new record high for Saudi Arabia
Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week
OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand
Traders priced in a 28.5 percent chance of a larger 50-basis-point rate cut in September
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume
Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
