On Friday, December 8th, U.S. stock markets ended on a high, with the S&P 500 and Nasdaq hitting their top closing levels since early 2022, fueled by an encouraging U.S. jobs report, sparking optimism among investors about the economic outlook. In economic data, November 2023, U.S. non-farm payrolls grew by 199,000, exceeding October's 150,000 and surpassing expectations of 180,000. The unemployment rate fell to 3.7%, down from October's 3.9%. Key job gains were seen in health care, government,
When Laura Cha Shih May-lung struck the ceremonial gong at the Hong Kong stock exchange (HKEX) with the Future Investment Initiative (FII) Institute's governor Yasir Al-Rumayyan, they kicked off the biggest gathering of Saudi government ministers and business executives ever assembled in the city. More than 1,000 participants and 100 speakers thronged the HKEX's Connect Hall at Exchange Square for the FII Priority summit on Thursday and Friday. It was a "significant step" in the deepening ties between Hong Kong and the Middle East, particularly with Saudi Arabia, said Hong Kong Chief Executive John Lee Ka-chiu, after joining the opening ceremony with FII chief executive Richard Attias.
The value of the National Stock Exchange of India is poised to take Hong Kong’s spot among the world’s largest trading venues, in a rise analysts say attests to investors’ optimism about the economic prospects of the world’s most populous country. The total market capitalisation of companies listed on the NSE was $3.7tn as of the end of October, according to the World Federation of Exchanges, a trade association of publicly regulated stock markets, compared with the Stock Exchange of Hong Kong’s $3.9tn. Since that data was produced Indian share prices have surged further as a result of strong earnings and optimistic growth projections, putting it on track to become the world’s seventh largest after markets in the US, China, the EU and Japan.