FINWIRES · TerminalLIVE
FINWIRES

UAE Equities Fall; Central Bank Holds Base Rate Steady

作者

-- Emirati stocks closed Thursday's trading session in the red as investors dissect the US Fed decision, which, as a result, also saw the United Arab Emirates Central Bank keeping its base rate steady.

At the close of trading, the FTSE ADX General Index shed 1.237%, while the DFM General Index lost 1.625%.

The UAE Central Bank on Wednesday kept the base rate applicable to the overnight deposit facility at 3.65% and the interest rate applicable to borrowing short-term liquidity at 50 basis points above the base rate for all standing credit facilities.

The move aligns with the US Federal Reserve's decision to keep the interest rate on reserve balances unchanged, as the Emirati dirham is pegged to the US dollar.

"In our opinion, the uncertain geopolitical environment may inject more uncertainty into the ultimate path of the federal funds rate. A deepening divide on the Committee shows that a growing number of members favor a more neutral bias supporting our outlook for no federal fund rate changes this year. Ultimately, the economic data will impact the timing of any Fed rate cuts. The Fed stated that the implications of developments in the Middle East for the U.S. economy are contributing to a high level of uncertainty about the economic outlook," the Wells Fargo Investment Institute said in a note.

The corporate side of the region saw a fresh batch of first-quarter earnings reports including those from Borouge (ADX:BOROUGE) and NMDC Group (ADX:NMDC), with both companies reporting lower attributable profits. Their stocks closed flat and 3.52% in the red, respectively.

Drake & Scull International (DFM:DSI) began the construction phase of the Majan Project in Dubai and aims to finalize it in the first quarter of 2028. Its shares closed the session 1.235% lower.

On the geopolitical front, Bloomberg News reported Thursday, citing Axios, that US President Donald Trump will receive a briefing on new military action on Iran, sparking escalation concerns between the two countries.

相关文章

International

能源价格上涨,通胀率创2022年年中以来新高

受中东冲突导致能源价格飙升的影响,美国3月份通胀加速至2022年年中以来的最快水平。 美国经济分析局周四公布的数据显示,3月份个人消费支出价格指数(PCE)环比上涨0.7%,高于上月的0.4%。最新数据显示,该指数为2022年6月以来的最高水平。 3月份汽油和其他能源商品价格飙升21%。 由于美以与伊朗之间的战争导致霍尔木兹海峡的运输中断,能源价格大幅上涨。近期,美伊之间以及以色列与黎巴嫩之间达成停火协议,冲突暂时中止。 按年计算,PCE价格指数上涨3.5%,为2023年5月以来的最大涨幅,高于2月份的2.8%。 美联储首选的通胀指标(剔除食品和能源价格)3月份环比下降至0.3%,低于2月份的0.4%。年度增长率从3%加速至3.2%。 彭博社汇总的调查显示,所有通胀数据均符合预期。 道明经济咨询公司(TD Economics)经济学家克谢尼娅·布什梅涅娃(Ksenia Bushmeneva)在一份报告中表示:“通胀压力持续酝酿。能源危机形势依然不明朗,汽油价格可能在一段时间内保持高位。” 周三,美联储维持基准贷款利率不变,称中东冲突加剧了美国经济前景的不确定性。 个人消费支出增长0.9%,符合华尔街预期。经通胀调整后的实际消费者支出增长0.2%,低于市场预期的0.3%。 布什梅涅娃表示:“短期内,更高的退税额(比去年同期高出约11%)和更低的所得税将在一定程度上缓解消费者的压力。然而,展望未来,家庭可能不得不削减开支,以抵消更高的汽油价格和仍然居高不下的通货膨胀。”

Research

研究快讯:Bldr:第一季度盈利不及预期;下调2026年业绩指引

独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下:Builders FirstSource (BLDR)公布的第一季度调整后每股收益为0.27美元,低于市场预期的1.51美元(下降82%),远低于市场普遍预期的0.37美元。BLDR第一季度销售额下降11%至32.9亿美元(比市场预期高出1.3亿美元),但毛利率下降220个基点至28.3%。BLDR目前预计2026年净销售额为146亿至156亿美元,调整后EBITDA为11亿至15亿美元,而此前的预期分别为148亿至158亿美元和13亿至17亿美元。目前市场普遍预期BLDR 2026年的销售额为149.1亿美元,EBITDA为13.9亿美元。管理层表示,公司仍专注于自身可控因素,包括服务客户、拓展差异化增值解决方案组合以及利用技术加速增长。积极的一面是,BLDR预计到2026年将实现5000万至7000万美元的生产力提升。BLDR第一季度的业绩凸显了其面临的根本性挑战。公司正处于周期性低谷,并在疲软的房地产市场中持续挣扎。BLDR较高的杠杆率(3.2倍)和利润率压力令人担忧。

$BLDR
Research

B. Riley 将 Peabody Energy 的评级从“买入”下调至“中性”,并将目标价从 42 美元下调至 30 美元。

根据FactSet调查的分析师报告,博地能源(BTU)的平均评级为“增持”,平均目标价为37.79美元。 (报道北美、亚洲和欧洲主要银行及研究机构的股票、商品和经济研究。研究机构可通过以下链接联系我们:https://www..com/contact-us)Price: $26.59, Change: $-0.85, Percent Change: -3.10%

$BTU