The upward momentum in stocks has been impressive, despite US 10-year Treasury yields holding above 1.6 per cent. However, all eyes will now turn to this week s US Federal Reserve meeting, which begins late Wednesday UAE time.
The theme around rising US bond yields has been a source of concern for financial markets – they have been on an uptick since early February – a period in which yields on the 10-year bonds have risen from 1 per cent to the current 1.6 per cent.
Anaemic demand from international buyers is fuelling this move in bond yields, which has led to multiple poorly subscribed US bond auctions. Such pricing action would suggest that the Fed may have to step in to fill that gap in demand in a bid to flatten the yield curve.
DGCX to launch the world’s first PKR futures contract
DUBAI, 4 days ago The Dubai Gold & Commodities Exchange (DGCX) will soon launch a Pakistani Rupee (PKR) Futures Contract, the first of its kind on any regulated exchange in the world, enabling market participants to expand their trading opportunities to the Pakistani market. The launch follows extensive market research and feedback from DGCX members. The Contract, which is set to go live on Friday April 16, 2021, will allow regional market participants with the ability to hedge exposure to the Pakistani Rupee, on a globally recognised, regulated and secure platform. Additionally, the Dubai Commodities Clearing Corporation (DCCC) will provide margin offsets for calendar spreads in PKR Futures, which will result in greater capital efficiency for DGCX members.
DGCX marks Women’s Day with gender equality bell
DUBAI, 29 days ago To mark International Women’s Day (March 8), the Dubai Gold & Commodities Exchange (DGCX) joined dozens of exchange houses around the globe to celebrate the 7th annual ‘Ring the Bell for Gender Equality’ ceremony. The 2021 theme is “Women in leadership, achieving an equal future in a COVID- 19 world”. The initiative is a partnership between the World Federation of Exchanges (WFE), the Sustainable Stock Exchanges (SSE) Initiative, UN Women, UN Global Compact, Women in ETFs and International Finance Corporation and highlights the significant role of the private sector in advancing and empowering women in the workplace, marketplace and wider community.
DGCX honours International Women’s Day with bell ringing for gender equality reporters@khaleejtimes.com Filed on March 8, 2021
In early 2020, DGCX announced that it became a signatory of the Women’s Empowerment Principles (WEPs), another initiative by the UN Women and UN Global Compact dedicated to promoting women’s empowerment
To mark International Women’s Day, the Dubai Gold & Commodities Exchange (DGCX) joined dozens of exchange houses around the globe to celebrate the seventh annual ‘Ring the Bell for Gender Equality’ ceremony, aimed at raising awareness for women’s empowerment principles.
The 2021 theme is Women in leadership, achieving an equal future in a Covid- 19 world .