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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Money Markets - World

Amwal Al Ghad English - 2014-04-24 08:57:02
Asian markets were mostly lower on Thursday, as Wall Street’s overnight slide weighed on regional sentiment. Stocks drifted lower after Wall Street ended a winning streak to close slightly lower on Wednesday. Markets were held back by a disappointing report on the U.S. housing market, which showed that new-home sales in March declined by 14.5%, undershooting expectations for a 2.3% rise. Japan’s Nikkei Share Average JP:NIK -0.97%   fell 0.2%, while the yen USDJPY -0.13%   was a touch lower against the dollar, last at ¥102.46 per dollar, compared with ¥102.53 late Wednesday in New York. Elsewhere in Asia, South Korea’s Kospi KR:SEU -0.10%   fell 0.2% after data showed that the country’s first-quarter gross domestic product had grown 0.9% quarter-on-quarter, slightly weaker than an expected 1% increase, because of shrinking facilities investments. Australia’s S&P/ASX 200 AU:XJO +0.24%   added 0.2% and the Straits Times Index SG:STI +0.69%   in Singapore rose 0.5%, while the Philippines’ PSE PH:PSE 0.00%   lost 0.4%. In China, Hong Kong’s Hang Seng IndexHK:HSI +0.24%   was down 0.1% and the Shanghai Composite CN:SHCOMP -0.50%   fell 0.3%. Stocks in Hong Kong’s losses added to a 1% fall on Wednesday that followed data showing further contraction in China’s manufacturing sector. The absence of any significant catalysts kept many markets close to the break-even mark, leaving investors looking ahead for cues. In Japan, investors were waiting for the Japanese fiscal year earnings season to ramp up. Also in focus was U.S. President Barack Obama’s visit to Japan, which could lead to an announcement relating to the Trans-Pacific Partnership talks. In currencies, the New Zealand dollar bounced higher after the country’s central bank raised interest rates by a quarter of a percentage point to 3% as the country’s economic expansion gains momentum and inflationary pressures increase. The currency NZDUSD +0.08%  was last at US$0.8632, compared with US$0.8585 at its close on Wednesday. More»
Amwal Al Ghad English - 2014-04-22 07:19:49
Extended weakness in Chinese shares, driven by worries over liquidity and earnings, put a brake on other Asian stock markets on Tuesday despite Wall Street stocks rallying into a fifth session. Financial spreadbetters expected European shares will benefit from the Wall Street rally, and forecast Britain's FTSE 100 to open around 29 points higher, or up 0.4 percent; Germany's DAX to open 60 points higher, or up 0.6 percent; and France's CAC 40 to open up 0.6 percent. Japan's Nikkei share average began the day with a small gain and eventually fell 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, while trading not far from a six-month high hit earlier this month. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong fell 1 percent to its lowest in nearly four weeks. That subdued other Asian markets, forcing investors to look past the longest winning streak since October in the S&P 500 index. "Today is going to be a bit weak," said Du Changchun, an analyst at Northeast Securities in Shanghai. "I'm not so optimistic, I don't think there's much space for any increases as we're still in a period of adjustment." More»
Amwal Al Ghad English - 2014-04-21 13:05:37
Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock average rose 0.3 percent on the back of a weaker yen. Share markets in London, Paris and Frankfurt are closed for the Easter holiday. Tensions in Ukraine, signs of slowing growth in China and uncertainty over when the U.S. Federal Reserve would start to tighten interest rates have buffeted global markets in recent weeks, although Fed Chair Janet Yellen's dovish comments last week helped soothe some nerves. Chinese shares slipped on concerns towards potential new listings diluting the market after the securities regulator released draft prospectuses for new companies planning to list. "The way the market sees the IPO news is that new shares will end up diluting capital, and what's more, this news is rather sudden," said Tian Weidong, head of research in Kaiyuan Securities in the city of Xi'an. The CSI300 index of the largest Shanghai and Shenzhen A-share listings was down 0.4 percent, while the Shanghai Composite Index lost 0.3 percent. The dollar edged up to a two-week high against the yen after data showed Japan posted its largest-ever trade deficit in the fiscal year through March 2014 due to a soaring energy import bill. The greenback rose to 102.71 yen, its highest point since April 8, and remained well bid after upbeat U.S. factory data and jobless claims late last week. Analysts said signs that the U.S. economy had shaken off disruptions caused by harsh winter weather would help the U.S. currency in the longer run. "With momentum building behind the U.S. industrial cycle, tentative signs of wage-based pressure building, and further labor market improvements likely, falling U.S. rates are unlikely to continue to be a major driver of dollar weakness," strategists at Barclays said in a note to clients. The encouraging U.S. data saw the 10-year U.S. Treasury note yield spike on Friday to a 10-day peak of 2.726 percent, pulling back sharply from a six-week trough of 2.596 percent hit earlier last week. UKRAINE TENSIONS Support for the safe-haven Japanese currency also ebbed last week after the United States, Russia, Ukraine and the European Union called for an immediate halt to violence. However, tensions in Ukraine are expected to underpin the yen in the short term, traders said. At least three people were killed in a gunfight in the early hours of Sunday near a Ukrainian city controlled by pro-Russian separatists, shaking an already fragile international accord that was designed to avert a wider conflict. The euro was at $1.3818, little changed from last week. It hit a 2-1/2-year high near $1.40 in the middle of March, but has since gone on the defensive after a number of European Central Bank officials expressed concerns about the common currency's strength. In the commodity markets, gold initially edged higher as the Ukraine tensions sparked some safe-haven buying but fell to a 2-1/2-week low, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar. Spot gold fell to $1,281.40 an ounce, lowest since April 3, amid thin trading volumes as Hong Kong and London were closed on Monday for Easter. Geopolitical risks stemming from the former Soviet republic supported oil. Brent crude traded at $109.10 per barrel, near a six-week peak of $110.36 hit last week. More»
Amwal Al Ghad English - 2014-04-17 07:20:10
Asian share markets crept higher on Thursday as dovish comments from the head of the U.S. Federal Reserve lifted Wall Street while weighing on the dollar, with trade light heading into the Easter holidays. Disappointing results from Google and IBM had also knocked their shares lower after the bell and put a crimp on technology stocks in the region. The tech and telecoms sectors in Japan's Nikkei duly lost ground, leaving it to end flat for the session following a 3 percent jump the previous day. Other markets made modest gains with shares in Australia up 0.5 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.33 percent. Early signs were that Europe would also start cautiously with the FTSE and DAX seen barely changed by financial spreadbetters. Wall Street had ended Wednesday with more vigor. Both the Dow and S&P 500 gained about 1 percent, while the Nasdaq bounced by 1.29 percent. Yet there was negative news to come after the bell. Google Inc lost around 4 percent after hours as first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline. More»
Amwal Al Ghad English - 2014-04-16 07:40:24
Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. China's economy grew 7.4 percent in the first quarter, from a year earlier, pipping forecasts of 7.3 percent. That was welcome news to many given there had been foreboding whispers that growth would be nearer 7.0 percent following a string of soft numbers recently. Other data for March were mixed with industrial output a shade under estimates, but retail sales picking up. "This is likely to be the low point for this year," said Shane Oliver, head of investment strategy at AMP Capital in Sydney. "Momentum in both industrial production and retail sales already appears to have started to pick up in March and policy fine tuning is likely to help as well." "This should be positive for the Chinese share market which with a forward PE of 8.5 times is priced for a hard landing and credit crisis." The relief rippled through regional markets with Japan's Nikkei adding to early gains to be up a solid 2.5 percent. More»
Amwal Al Ghad English - 2014-04-15 07:34:22
Nerves got the better of Asian share markets on Tuesday as they turned lower after an upbeat U.S. retail sales report was eclipsed by soft data from China, providing a stark reminder to investors of the headwinds facing the world's second-largest economy.  The MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3 percent, handing back earlier modest gains made after the U.S. data had helped Wall Street bounce from a sharp selloff in recent days. Financial spreadbetters see cautious start to trading in Europe, tipping Britain's FTSE 100 to open flat, and Germany's DAX and France's CAC 40 to eke out slim gains.  Data released on Tuesday showed China's money supply grew at the weakest pace in more than a decade in March in another sign of softening economic momentum. Global markets have been buffeted in recent months by a spate of weak Chinese data, raising concerns of a deepening economic slowdown. The Shanghai Composite Index lost 0.9 percent, and trading in much of the rest of Asia lacked conviction to lift riskier assets. The tense geopolitical backdrop in Ukraine kept investors on edge, which also undermined risk appetite.  Ukraine's president threatened military action after pro-Russian separatists occupying government buildings in the east ignored an ultimatum to leave and another group of rebels attacked a police headquarters in the region. The flare-up came less than a month after Russia completed its annexation of Ukraine's southern Crimea peninsula. More»
Amwal Al Ghad English - 2014-04-10 07:48:40
Asian shares hit five-month highs on Thursday as investors welcomed minutes of the Federal Reserve suggesting that policymakers will be more cautious towards raising interest rates than markets had thought. Riskier assets also took in stride gloomy Chinese exports data as analysts said the numbers were likely to be distorted by over-invoicing last year to skirt tight capital controls. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent, closing in on its five-month peak in October, while Japan's Nikkei .N225 pared earlier gains to end flat. European shares are seen opening up, with both Germany's DAX .GDAX and France's CAC .FCHI seen rising as much as 0.3 percent and Britain's FTSE .FTSE up 0.2 percent. More»
Amwal Al Ghad English - 2014-04-08 07:40:52
Asian stocks shrugged off early losses and rose on Tuesday, helped by Chinese shares rising sharply on stimulus hopes, though Japanese equities slumped as the yen clung to its gains after the Bank of Japan held policy steady. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added about 0.4 percent. The Shanghai Composite Index .SSEC was up 1.8 percent. Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 16 to 19 points lower, or down 0.3 percent; Germany's DAX .GDAXI to open 7 to 10 points lower, or down 0.1 percent; and France's CAC 40 .FCHI to open unchanged. "European equities are set to start flat as traders tread cautiously," Jonathan Sudaria, a dealer at London Capital Group said in a note to clients. "Whilst the mini tech-wreck in the U.S. has weighed on global markets, European sensibilities hadn't allowed valuations to reach such unfathomable levels so it's fair to assume that traders don't see why there should be a wider sell off," he said. More»
Amwal Al Ghad English - 2014-04-07 07:39:41
European stocks dropped Monday, hit in the wake of Friday's selloff on Wall Street that left the Nasdaq Composite COMP -2.60% with its worst drop in two months. The Stoxx Europe 600 XX:SXXP -0.81% , which finished last week with its third straight weekly rise, fell 0.8% to 336.60. Bouygues SA shares FR:EN -5.14% were among the biggest losers, down 6% after its bid for Vivendi SA's FR:VIV +0.02% French mobile unit was rejected in favor of a bid from Altice SA NL:ATC +7.32% . On the winning side, however, shares of Holcim Ltd. CH:HOLN +4.36% led the pan-European index higher, surging 5.9% after the Swiss company and France's Lafarge SA FR:LG +3.62% agreed to merge into the world's biggest building-materials group. Among country-specific indexes, the U.K.'s FTSE 100 UK:UKX -0.66% fell 0.8% to 6,643.10, Germany's DAX 30 DX:DAX -1.35% slumped 1.5% to 9,553.91, and France's CAC 40 FR:PX1 -0.81% declined 0.8% to 4,449.58. More»
Amwal Al Ghad English - 2014-04-07 07:25:18
Japanese shares were slugged on Monday by a one-two combination of a higher yen and a selloff in the tech sector, while the euro struggled with speculation of more policy easing at home. Financial spreadbetters expected Britain's FTSE 100 .FTSE and Germany's DAX .GDAXI to each lose 0.8 percent at the open, while the S&P 500 E-Mini contract was off 0.16 percent. The Nikkei .N225 retreated 1.6 percent, led by weakness in technology stocks following a similar fall on Wall Street. Index heavyweight Softbank (9984.T) led the way with a fall of over 4 percent in brisk turnover. SoftBank shares have become very sensitive to moves in U.S. tech stocks ahead of Alibaba's IPO, which is expected to become one of the largest offerings in history. SoftBank holds around a 37 percent stake in the Chinese e-commerce giant. Still, stocks were steadier elsewhere in the region in the wake of a U.S. jobs report that hit the sweet spot for many investors - firm enough to soothe concerns about the health of the U.S. recovery but not so strong as to hasten the end of policy stimulus. As a result, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was off a slim 0.2 percent, following two weeks of gains. Indeed, Samsung Electronics (005930.KS) dodged the tech selloff entirely, rising 1 percent ahead of its first-quarter earnings guidance due early on Tuesday. Markets in China and Thailand were closed for a holiday. Profit-taking on high-flying momentum stocks had hit the Nasdaq hard on Friday and dragged the Dow and S&P off historic highs. The Nasdaq shed 2.6 percent .IXIC in its biggest daily loss since February, while the .DJI fell 0.96 percent and the S&P 500 .SPX 1.25 percent. Still, the fall was more a function of positioning than any weakness in the jobs report. Nonfarm payrolls rose by 192,000, while upward revisions over the prior two months totaled 37,000. The unemployment rate was unchanged at 6.7 percent, while hours worked rebounded and another soft reading on wages was benign for inflation. "The conclusion then is that employment conditions are pretty much the same as they have been last few years," said Michelle Girard, chief economist at RBS in Connecticut. "This report should not move the dial in either direction for either the market or the Fed." That was just fine for emerging markets which have been vulnerable to any hint the Federal Reserve might unwind its stimulus at a faster pace, and so attract foreign funds away. Emerging market stocks .MSCIEF were trading steady on Monday following three straight weeks of gains. Also relieved was the U.S. Treasury market where 10-year yields were at 2.72 percent, after diving 9 basis points on Friday as prices rallied strongly. The pullback undermined the U.S. dollar's advantage over the yen and dragged it back to 103.08 from Friday's 10-week peak at 104.13 yen. ECB UNDER PRESSURE The euro fared even worse after a German newspaper reported the ECB had modeled the impact of buying a trillion euros of assets to ward off deflation, a day after the ECB's president said radical policy action might be needed. "No longer is it the case that the data need to weaken further; rather, with the latest inflation data already tracking below the staff's baseline projections, it will suffice that there is no ‘catch-up' over the next few weeks," said James Ashley, chief European economist at RBCCM. "In other words, if the data do not improve as expected, the ECB will act." Just the chance of extra action has pushed bond yields down sharply across Europe, with Spanish five-year yields dropping below U.S. Treasuries for the first time since 2007. That in turn undermined the euro, which was pinned at $1.3699 on Monday having carved out a five-week trough of $1.3671 on Friday. That helped nudge up the dollar against a basket of currencies to 80.420 .DXY. There is little in the way of major economic data in Asia on Monday, but the Bank of Japan has a policy meeting ending on Tuesday that will be closely watched for any hint that policymakers are considering adding to their already massive asset buying. In commodity markets, gold was holding at $1,301.56 an ounce after bouncing 1.2 percent on Friday. Oil prices eased after Libyan rebels occupying four eastern oil ports agreed with the government on Sunday to gradually end their eight-month petroleum blockade. Brent crude was quoted 88 cents lower at $105.84 a barrel on Monday, while U.S. crude eased 41 cents to $100.73 a barrel. More»