By: Mahmoud Gamal
Mubasher: The US Federal Reserve meeting, which will be held between 20-21 September, is forecast to have a concrete impact on global equity markets amid considerable speculations on higher US interest rates and stronger US dollar, according to analysts.
Market analyst Michael Zakrya said US key interest rates were will likely rise from 0.5% to 0.75% and 1% by the end of 2016 due to the latest positive economic data such as the healthy growth of job creation.
Economic analysts Mohamed Al-Shammri and Nawaf Al-Ajami said in case the monetary policy committee hikes the interest rates based on the latest positive economic gatherings, GCC stock markets will probably see considerable losses this month.
Investors may resort to the currency and precious metal markets in the event that the Fed decides to raise the key rates, Al-Shammri concluded.
