Weekly Market Recap (22-26 January) ...Middle East

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Weekly Market Recap (22-26 January)
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MondayThe PBoC left the LPR rates unchanged as expected:3.45% for the one year.4.20% for the five year.The US Leading Economic Index (LEI) fell by less than expected:LEI -0.1% vs. -0.3% expected and -0.5% prior.From the Conference Board: “The US LEI fell slightly in December, continuing to signal underlying weakness in the US economy. Despite the overall decline, six out of ten leading indicators made positive contributions to the LEI in December. Nonetheless, these improvements were more than offset by weak conditions in manufacturing, the high interest-rate environment, and low consumer confidence. As the magnitude of monthly declines has lessened, the LEI’s six-month and twelve-month

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