Markets remain uncertain about interest rates, says Al-Rajhi Capital.

Al-Rajhi Capital stated, in a recent report, that interest rate expectations could change overnight in light of current circumstances, noting that the volume of volatility in bond markets is unprecedented amid expectations that the yield on US two-year bonds will decline by more than 100 basis points in few days.

Al-Rajhi Capital added that global and US stocks in particular they are maintaining their earnings from the inception of questyear, despite the uncertainty in the markets.

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On the other hand; The report expects oil prices to hold their levels despite recent fluctuations.

Al-Rajhi Capital has indicated that in in the event of a recession, the risks of falling demand will be limited, with demand unaffected in significantly from emerging markets.