dirhams & dollars

Thriller in Manila: Tillerson steps into ring with North Korea

Amid the tensions in Asia, trade is likely to be sidelined

Staff Report
18:52 August 6, 2017
Rex Tillerson

DUBAI: With the meeting of South East Asian nations taking place this week at the ASEAN summit in Manila, we look ahead to the potential implications of a showdown between the two top diplomats of the US and North Korea.

Trade seems to have taken a definite back seat at the summit, with US media reporting last week that Trump would not push his anti-China agenda (when it comes to trade), in favour of working with them to punish North Korea for its nuclear ambitions.

Here in the UAE, a slew of company results are expected out this week, including Dana Gas, Damac, and Emaar. We look at what surprises, if any, these might hold.

Finally, talk turns to the US (again), with a look at the upcoming inflation report, which investors will be paying keen attention to for clues about future monetary policy; and the company earnings reports expected from a group of retailers that includes Macy’s and JC Penney. Will there be a rebound after dismal fourth quarter results? Tune in to find out.