By: Mahmoud Gamal
Mubasher: Global Stock markets are expected to continue their positive performance this week as they ended the Christmas holidays and oil continues to recover, despite the suspense about Donald Trump's first speech after winning the after winning the U.S. presidential election.
Market analyst, Basel Abo-Teima, said that global indices are ready for further gains during this week, noting that the growing confidence among investors about the Wall Street stocks will push the Dow Jones industrial average to the level of 21,000 point.
Abo-Teima suggested that the Federal Reserve's weak-dollar policies were aiming at slowing the rise in dollar in n conjunction with an intention to raise interest rates in 2017.
The analyst expected profit taking to take place on 20 January, when Trump official takes office.
However, technical analyst, Mohamed Radwan, expected declines in most European and Asian stock markets.
Translated by: Elwy el-Manzalawy
