Caution likely ahead of the upcoming US Fed meeting
12 June 2022 | Admin
The Week Ahead - Regional Markets
The regional equity market participants are likely to exhibit caution ahead of the upcoming US Fed meeting later this week, given its direct impact on the local interest rate environment amid the concerns over spiraling inflation. Traders now expect the US Fed to adopt a more aggressive stance as America’s inflation touched new highs. Firm crude oil prices could buoy regional energy and petrochemical firms, though. Meanwhile, the subscription period for participating in the upcoming Tecom Group’s IPO will start on 16 June. Separately, Arabian Food & Dairy Factories Co., known as Fadeco, is expected to list and start trading on Tadawul on 12 June 2022.