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Why UAE markets are looking good in 2019.

The year 2018 witnessed mixed sentiments on the back of unexpected global events but 2019 is likely to be an exciting year for capital markets. The year gone by can be characterised into two halves: the first was aligned with market expectations of another year of solid returns, while the second witnessed a more drastic turnaround in outlook across the global markets.

Moreover, the last quarter of 2018 was particularly interesting as it witnessed more bearish sentiments due to growth uncertainties in China, an ongoing trade war and aggressive pace of monetary tightening by the Fed.

In general, 2018 was a highly-volatile year for capital markets, especially equities and bonds as they have largely underperformed cash, something the markets have not seen in a long time. These events have played a role in influencing the sentiments of regional markets, but were outweighed by expected recovery in regional economies and stability in oil prices. As a result, regional markets have broadly outperformed global peers, both in equities and bonds during 2018.

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Publication:Pakistan & Gulf Economist
Date:Mar 17, 2019
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