The Federal Reserve has cut its benchmark interest rate by 25 bps in a unanimous decision. Also on the show: President-elect Donald Trump’s new administration is taking shape as he names Susie Wiles as his White House chief of staff; Chinese lawmakers are expected to approve a massive fiscal package when a legislative meeting wraps in Beijing; Ghana’s main opposition leader John Dramani Mahama says he would renegotiate an IMF program if he wins next month’s elections; Spinneys reports 3Q profit of almost 40M dirhams year-on-year; Turkey’s central bank governor is set to unveil fresh inflation forecasts; Nissan has tumbled to 4-year lows after cutting its full-year operating income guidance by 70%; Emerging market assets rise after the Fed’s rate cut; Bank of England governor Andrew Bailey says he discussed market reaction with Chancellor of the Exchequer Rachel Reeves before and after last week’s budget announcement; EU leaders are meeting in Budapest to explore ways to finance their militaries and clean technologies. Guests include: Maurice Gravier, Emirates NBD, Wealth Management CIO; John Mahama, Ghana’s opposition leader; Sunil Kumar, Spinneys, CEO; Dan Scott, Vontobel, Head of Multi Asset and CIO; Luis Costa, Citi, Head of Emerging Markets Strategy.
00:00 Introduction
03:25 Fed cuts rates by 25 bps
08:07 Donald Trump’s team focuses on transition
12:20 Maurice Gravier, Emirates NBD, Wealth Management CIO
18:45 What Trump’s win means reckoning for China
27:02 John Mahama, Ghana’s opposition leader
33:45 Sunil Kumar, Spinneys, CEO
41:00 Turkey to unveil new inflation forecast
50:18 Fed cuts Rates by 25bps
54:05 Donald Trump’s team focuses on transition
58:10 Nissan tumbles after slashing outlook
01:01:50 Dan Scott, Vontobel, Head of Multi Asset and CIO
01:13:20 Luis Costa, Citi, Head of Emerging Markets Strategy
01:19:42 BOE delivers rate cut with warning
01:24:11 EU speeds up hunt for new financing
01:28: 04 Ghana opposition aims to rework IMF deal
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
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