Volatility set to return to equity market as fundamentals do not support valuations, says Saxo Bank
Regional markets are heading for a period of volatility because economic fundamentals do not support current valuations, according to Yaser Rawashdeh, senior sales trader at Denmark’s Saxo Bank in the UAE.
“We are now heading into a period of high volatility, which we expect to begin in the next month. The worst of this financial crisis may be over, but the fundamentals do not support current valuations,” says Rawashdeh.
“We see the current rally as unjustified,” he adds. “Volatility will be a trend throughout global markets.”
Rawashdeh adds that Saxo bank is working on a sharia-compliant version of its SaxoTrader platform, which enables investors to trade in multiple asset classes.
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.