100bps rate hike bets rise on upcoming US Fed meeting
18 September 2022 | Admin
The Week Ahead - Regional Markets
The regional equity markets could witness some downbeat sentiment owing to the pressure on global equities and crude oil prices. Investors are also not likely to make any significant moves ahead of the outcome of the US Federal Reserve meeting later this week, where the street is now increasingly betting on a 100 basis points increase in the benchmark rate.
This week, Emaar Properties' shareholders will consider approving the acquisition of certain assets of Dubai Holding, the sale of Namshi Holding by Emaar Malls, and removing the foreign shareholding limit. Yahsat'sBoD is expected to propose an interim cash dividend for 1H 2022, while Borouge's shareholders will likely approve the 2Q 2022 dividend.