Studies and reports

Currencies

EU’s Barnier no longer a barrier

There was a strong rally in GBP last month on the back of comments from the EU’s Barnier. As such, GBP price actions underscore how sensitive GBP is to Brexit news, and while the comments from Barnier in reality are not major news, it could potentially trigger a relief rally in GBP and reduce the Brexit risk premium priced in the FX option market. However, note that both the UK and EU still have 'red lines' that do not appear to be compatible and we still expect significant noise and volatility in the coming months as the Brexit end-game moves closer.

The United Arab Emirates remains among the most booming and competitive job markets regionally and globally, with many talented professionals looking to make their next big break. The latest MENA Job Index Survey from Bayt.com, the number one job site in the Middle East, and global online market research company, YouGov, indicates that hiring intentions are on the rise. Three in every four UAE employers (78%) are planning to hire in the next three months, and the outlook continues to improve as 86% of employers are planning to hire in the coming year.

Overall online spending continues to grow in the UAE, and is forecast to reach AED 36 billion by the end of 2018,  according to a joint report  issued by PayPal and Ipsos today.  The Fourth Annual Cross-border Commerce report, which tracks online domestic and cross-border shopping habits of approximately 34,000 consumers in 31 countries,  also revealed that 81% of adults in UAE shopped online in the past 12 months, up from 68% in 2016. 

The 35 must-watch technologies represented on the Gartner Inc. Hype Cycle for Emerging Technologies, 2018 revealed five distinct emerging technology trends that will blur the lines between humans and machines. Emerging technologies, such as artificial intelligence (AI), play a critical role in enabling companies to be ubiquitous, always available, and connected to business ecosystems to survive in the near future.

Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today released its Midyear Security Roundup 2018, revealing that cybercriminals are moving away from attention-grabbing ransomware attacks to more covert methods intended to steal money and valuable computing resources.