Stocks and bonds gain, while the dollar falls after Donald Trump picks hedge fund executive Scott Bessent as his Treasury Secretary. Also on the show, Axios reports that Israel and Lebanon may be nearing a ceasefire deal; priced out buyers look at alternative ways to gain a foothold into Dubai’s red-hot property market; the Adani Group reassures creditors that it has enough cash, after a US bribery charge against it triggered a selloff in the conglomerate’s stocks and bonds; and COP29 ends with a deal pledging $300 billion a year for developing countries. Guests on the show include Vincent Juvyns, JP Morgan Asset Management, Global Market Strategist; Marco Pagliara, Deutsche Bank, Head of Private Bank for Emerging Markets; Gina Schoeman, Citi, South Africa Economist; and Aniseh Bassiri Tabrizi, Control Risks, Senior Analyst.
00:00 Introduction
03:56 Donald Trump picks Scott Bessent as Treasury Sec
06:20 Vincent Juvyns, JP Morgan Asset Management, Global Market Strategist
13:49 Israel, Lebanon near to cease-fire deal: Axios
17:30 Kenya staggers $1.5 billion loan from UAE
26:35 Buyers get creative as Dubai property market soars
29:25 Marco Pagliara, Deutsche Bank, Head of Private Bank for Emerging Markets
36:45 Nvidia CEO urges global cooperation
40:52 Iran plans nuclear talks with UK, France and Germany: Kyodo
50:00 Markets cheer Donald Trump’s Treasury Sec pick Scott Bessent
59:05 Gina Schoeman, Citi, South Africa Economist and Head of CEEMEA Economics
01:05:28 Gautum Adani summoned by US SEC
01:12:50 COP29 ends with $300 billion a year financing deal
01:16:25 Nigeria and Ghana announce rate decisions this week
01:21:54 Aniseh Bassiri Tabrizi, Control Risks, Senior Analyst
01:29:02 Nvidia CEO Jensen Huang urges global cooperation
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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Let’s pray and hope that all economic indicators released this week will be weaker than expected. Let’s also wish that the Fed ECB and Bank of England will stop cutting interest rates this year. Thank you.
Print print print. And clearly Americans aren’t really financially savvy enough to understand the rich get richer from stocks as workers slide down the economic scale with inflation. Which between tariffs and deportation and tax cuts to the rich, will have workers income plummeting to very painful depths. So yeah, Wall Street is having a party due to corp tax cuts and we’re bracing for homelessness and price hikes, particularly with regards to autos and tech and after deportation groceries. Y’all better get planning your ‘victory gardens’.
Democrats are dragging us into a world war but you losers are crying about Trump still. Grow up
Working class gets nothing. Jesus said the poor will always be with us, but the billionaires will make sure of it!