Damian Hitchen

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Articles

Sandcastle economics: Navigating fragile growth

Jul 2, 2024 | omanobserver.om | Damian Hitchen

As economic growth remains robust, driven by sectors like defence, AI, and obesity drug manufacturing, Saxo Bank's strategy team warns of the fragility of this "sandcastle economy" in their quarterly outlook for Q3. Although their perspective for the short term is neutral, this outlook explores the underlying threats of unsustainable US fiscal spending, geopolitical risks, and demographic trends that could destabilise the current economic momentum in the longer term.
Saxo Bank Survey; Investor Sentiment Aligns With Market Uncertainty

May 10, 2024 | ffnews.com | Damian Hitchen

Global leader in online trading and investment, Saxo Bank survey released the findings of its recent client survey, shedding light on investor expectations and sentiments on the financial markets for the second quarter of 2024. Amidst the backdrop of unpredictability in global financial markets, the response from our panel of investors mirrors concerns over market uncertainty. The beginning of 2024 has been characterised by changing market expectations.
Why time in the market can be better than timing the market

Feb 8, 2024 | arabianbusiness.com | Damian Hitchen

With the current market volatility and the general mood of geo-political uncertainty in the economy and society, many may be wondering if it’s a good time to invest. While navigating the markets can be complex for many investors in the MENA region who are newer to the markets or those who feel less confident to do self-directed investing, there is no good excuse not to invest, as over time, they will be able to reap the rewards.
Why high investment fees are a barrier to financial freedom

Jan 26, 2024 | thenationalnews.com | Damian Hitchen

Have you been working for years for your bank or financial services provider? The answer lies in a study by the European Consumer Council that has highlighted a striking opportunity in the world of investments. It reveals that people could potentially achieve significant savings over a lifetime by switching from traditional bank-offered solutions to more cost-effective and efficient investment alternatives such as online trading platforms.
Four strategies to maximise investment returns amid inflation

Aug 30, 2023 | thenationalnews.com | Damian Hitchen

Inflation is a hot topic around the globe that has politicians, economists and investors worried. Inflation can be driven when there’s too much money for the number of goods in a country (demand inflation) or when there are supply shortages of a good or service (supply-side drive) such as the increase in natural gas prices following the start of the Russia-Ukraine conflict in 2022.
Timely Gains for Whom? Clients Await Benefits as Industry Holds on to Rate Hikes

Aug 24, 2023 | hubbis.com | Damian Hitchen |Mark Buesser |Mark Smallwood

In the multi-layered world of banking and investing, where limited transparency is commonplace, few are aware that a significant number of banks and brokers are choosing to retain the benefits of the recent global central bank rate hikes, rather than passing them on to their clients. By Damian Hitchen, CEO MENA Region, Saxo BankThis practice, while not immediately visible, has significant implications for all people, and it's time we shed some light on the subject.
Five investment trends to track for the second half of 2023

Jul 14, 2023 | thenationalnews.com | Damian Hitchen

We’re halfway through 2023, so it is an appropriate time to take another look at investment trends for the remainder of the year. A lot has changed since the beginning of the year, while some macro events and trends remain stable. Here are the top five investment trends to watch for the rest of 2023. Bond market looks brighterBonds have emerged as a prime choice for investors among all the lower-risk investment options.
ESG and impact of COP28 on regional sustainability trends

Mar 22, 2023 | tradearabia.com | Damian Hitchen

In recent years, the UAE’s commitment to accelerate its sustainability objectives from discussion to action have been highlighted through laser-focused implementation of Environmental, Social and Governance (ESG) plans and policies by numerous public and private entities throughout the country.
ESG Investment and How COP28 will Impact Regional Sustainability Trends

Mar 21, 2023 | sustainabilitymenews.com | Damian Hitchen

In recent years, UAE’s commitment to accelerate its sustainability objectives from discussion to action have been highlighted through laser-focused implementation of ESG plans and policies by numerous public and private entities throughout the country. Having declared 2023 as the ‘Year of Sustainability’, the host nation of COP28 is escalating its efforts to lead global efforts on ESG education and benchmark the contribution levels expected from organizations across the Emirates.
ESG investment, COP28 drive GCC sustainability bid

Mar 20, 2023 | trendsmena.com | Damian Hitchen

DUBAI, UAE — In recent years, the UAE’s commitment to accelerate its sustainability objectives from discussion to action has been highlighted through laser-focused implementation of Environmental, Social and Governance (ESG) plans and policies by numerous public and private entities throughout the country.