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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        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        Six of October Development & I   15.03        National Development Bank   6.72        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - 2015-01-29 10:10:05
Greek financial markets were in turmoil on Wednesday after the new anti-bailout government appeared determined to defy the country's international creditors. New Greek Prime Minister Alexis Tsipras said his party could not disappoint the voters which had elected them. Greek five-year bond yields jumped to 13.5%, reflecting fears investors may not get their money back. More»
Amwal Al Ghad English - 2015-01-29 09:08:51
Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year, despite an uncertain global outlook. Spreadbetters predicted the weak tone would carry over into European trade, with Britain's FTSE 100 .FTSE seen opening 63 to 81 points lower, or down 1.2 percent; Germany's DAX .GDAXI opening 116 to 145 points lower, or down 1.4 percent; and France's CAC 40 .FCHI opening 60 to 74 points lower, or down 1.6 percent. "European equities are set to open lower following last night's FOMC statement," Jonathan Sudaria, a dealer at Capital Spreads, said in a note. "There was no change in the language or their stance that they remain patient on raising rates but this sent U.S. markets into a tail spin because for traders who are now addicted to accommodative monetary policy, even 'patient' is deemed to be hawkish," he said. A greater likelihood of higher U.S. interest rates this year helped Asian stock indexes follow Wall Street into negative territory. Japan's Nikkei .N225 slipped 1.1 percent to mark its biggest one-day drop in two weeks, while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 1.1 percent. Adding to the gloomy picture, Chinese shares skidded after the official Xinhua news agency said that country's stock regulator will inspect the stock margin trading business of 46 companies, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a crash which could strain the financial system. The Fed said that international developments would be taken into consideration, but noted that falling energy prices boosted household purchasing power even as it acknowledged a decline in certain inflation measures. "The markets were a bit surprised that the Fed was more hawkish than expected, especially considering that many people had thought that the board members this year would be more dovish than last year's," said Hideyuki Ishiguro, senior strategist at Okasan Securities. Four voting members from regional Feds at the policy committee this year are considered less hawkish than last year's rotating members. On Wednesday, the Dow Jones industrial average .DJI fell 1.1 percent to a six-week low while the S&P 500 .SPX lost 1.4 percent. The Fed's optimism and unwavering stance on future rate hikes contrasted with a recent spate of dovish policy shifts at many central banks around the world - from Europe to Canada to India. "Most every central bank wants to weaken their currency at the moment, in contrast with the Fed," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm. "The market liquidity is relatively low now, considering it is getting toward the end of the month," he added. The diverging monetary policy outlooks helped the U.S. dollar recoup some losses this week. The dollar index, which tracks the greenback against a basket of major currencies, gained about 0.2 percent on the day to 94.661 .DXY. Against the yen, the dollar added about 0.1 percent to 117.70 yen JPY=, while the euro slightly to $1.1282 EUR=, moving away from a high of $1.1423 hit on Tuesday. Signs of tension in Greek financial markets added to downward pressure on the euro. Greek short-term bond yields hit their highest since the country's 2012 debt restructuring and Greek shares tumbled 9 percent to a 2-1/2-year low on Wednesday, as the new government in Athens appeared to be squaring up for a fight with international creditors. The New Zealand dollar steadied after tumbling to a 3-1/2-year low on Thursday after the Reserve Bank of New Zealand opened the door to a possible rate cut. As share prices eased, U.S. bond yields have fallen, with the 30-year yield US30YTN=RR hitting a record low of 2.273 percent on Wednesday. The 10-year yield stood at 1.720 percent US10YT=RR, not far from this month's low of 1.698 percent, which was its lowest level since May 2013. The Fed repeated it will be "patient in beginning to normalize" rates, although it dropped a reference that rates will be held at the current levels "for a considerable time" -- which many traders had taken to mean about six months. Despite the indication from the Fed that the first rate hike could come as early as June, markets have relentlessly pushed the timing out to year-end and are plotting a much lower trajectory for future hikes. Oil prices steadied after slumping anew overnight, with U.S. crude futures hitting near six-year lows after government data showed record-high inventories in the United States. U.S. crude futures CLc1 were nearly flat on the day at $44.48, having sunk as low as $44.08 on Wednesday, their lowest since April 2009. More»
Amwal Al Ghad English - 2015-01-28 10:40:02
U.K. stocks rose Wednesday, with Anglo American PLC climbing following a production update from the mining heavyweight. The FTSE 100 UKX, -0.23% rose 0.3% to 6,829.97, winning back a portion of Tuesday’s 0.6% loss that broke the benchmark’s eight session win streak. Experian   EXPN, +3.88% shares were the best performing on the FTSE 100, rising 3.5% after the credit-checking services company said it plans to buy back $600 million in shares over the next 14 months in an effort to return capital to shareholders. Anglo American AAL, +1.24% shares rose 1.7% as the diversified mining as part of its update posted a 16% rise in iron ore production in the fourth quarter. But the company also warned that it’s set to incur noncash impairment charges in full-year results stemming from the drop in commodity prices. But Johnson Matthey PLC JMAT, -6.61% sat at the bottom of the benchmark, losing 5.6%. The maker of catalysts for auto exhausts said it expects full-year results to be in line with expectations. More»
Amwal Al Ghad English - 2015-01-27 10:57:02
European stocks declined from a seven-year high, snapping an eight-day winning streak, as Siemens AG led industrial companies lower. The Stoxx 600 slid 0.4 percent to 371.08 at 8:46 a.m. in London. The benchmark index gained yesterday, capping its longest winning streak since April amid optimism about European Central Bank stimulus, while Greek shares declined as opposition party Syriza won the Sunday election. The benchmark equity gauge has rallied 12 percent since a low on Jan. 6 in anticipation of additional central-bank stimulus measures. The gauge jumped 5.1 percent last week, its biggest gain in three years, as the ECB unveiled an asset-purchase program worth at least 1.1 trillion euros ($1.2 trillion). The MSCI Asia Pacific Index added 1 percent today. Futures on the Standard & Poor’s 500 Index dropped 0.2 percent. Officials in New York warned residents to stay at home as a blizzard forecasters call “life-threatening” prompted authorities to shut highways, bridges, transit systems, schools, Broadway shows and sporting events from New Jersey through New England. Exchanges plan to remain open in the U.S., with the New York Stock Exchange’s owner Intercontinental Exchange Inc. saying it’ll be business as usual. Siemens retreated 2.8 percent. Europe’s largest engineering company reported a decline in first-quarter profit. Royal Philips NV lost 4.6 percent after saying it is behind on its 2016 financial targets after shipment delays, currency impact and some weak markets. EasyJet Plc rallied 4.3 percent after posting an increase in first-quarter revenue. More»
Amwal Al Ghad English - 2015-01-27 10:42:37
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average NIK, +1.72% ) up 1.5% ; Hong Kong (Hang Seng Index HSI, -0.41% ) down 0.7% ; Shanghai (Shanghai Composite Index SHCOMP, -0.89% ) down 1.9% ; Sydney (S&P/ASX 200 XJO, +0.83% ) up 0.8% (closed) ; Seoul (Kospi SEU, +0.86% ) up 0.6% ; Mumbai (Sensex 1, +0.86% ) up 0.3% ; Taipei (Taiex Y9999, +0.46% ) up 0.5%. More»
Amwal Al Ghad English - 2015-01-27 10:20:58
Chinese stocks broke a five-day winning streak on Tuesday, as Hong Kong and Shanghai markets both pulled back amid concerns fueled by a drop in the profit growth at major Chinese industrial companies and a previous sharp fall for China’s yuan. At the same time, Japanese stocks advanced to one-month high, after Greek election results impacted global markets by less than expected Monday. Hong Kong’s Hang Seng Index HSI, -0.41% retreated 0.4% to 24,897.28, after touching a four-month high in the previous close. Over on the mainland, the Shanghai Composite Index SHCOMP, -0.89% fell 0.9% to 3,352.96, also pulling back from its best closing level in more than five years. The declines came after official data showing that profit at major Chinese industrial companies grew 3.3% year-on-year in 2014, down sharply from a 12.2% increase in 2013. A significant drop in China’s yuan in the previous day also dented investor sentiment. However, other Asian markets were stronger. Japan’s Nikkei Average NIK, +1.72% added 1.7% to 17,768.30, its best settlement since a month ago. The broader Topix I0000, +0.00% also moved up 1.7%. The yen USDJPY, -0.24% headed higher against the greenback to ¥118.14, compared with ¥118.48 late Monday in New York. Elsewhere, Sydney’s S&P/ASX 200 XJO, +0.83% closed up 0.8%, and Seoul’s Kospi Composite Index SEU, +0.86% tacked on 0.9%. More»
Amwal Al Ghad English - 2015-01-22 07:45:23
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging euro zone economy. Spreadbetters expected European bourses to open a touch firmer. Britain's FTSE was forecast to open flat, Germany's DAX was seen rising 0.3 percent and France's CAC up 0.1 percent. The euro was quieter ahead of the ECB decision after the previous day's wide ranges, while the Canadian dollar stole the spotlight after plunging to a nearly six-year low following the Bank of Canada's surprise move to slash its overnight rate to help cushion the economy from recently plunging oil prices. The loonie skidded almost 2 percent - its biggest one-day drop since November 2011 - to as far as $1.2420 per U.S. dollar, and last stood at C$1.2362. Broader market sentiment was mildly positive for riskier assets, supported by the aggressive actions by central banks seeking to fight deflation. Asian equities rose, U.S. yields were higher, and credit spreads were tighter. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, staying at nearly 8-week highs. Stock markets in Australia and Malaysia outperformed the region, while Japan's Nikkei stock average dipped 0.2 percent. More»
Amwal Al Ghad English - 2015-01-21 08:46:10
Asian shares hit a six-week high and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen jumped after the Bank of Japan left policy unchanged. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.3 percent, with shares in India .BSESN and New Zealand .NZ50 hitting record highs. European shares are expected to open higher with spreadbetters seeing higher opening of up to 0.2 percent in Britain's FTSE .FTSE and France's CAC 40 .FCHI. Japan's Nikkei .N225 bucked the trend by slipping 0.5 percent and the yen gained 0.9 percent to 117.76 to the dollar JPY= after the BOJ did not expand its stimulus. While the decision had been widely expected, some players had bet on a surprise from BOJ Governor Haruhiko Kuroda, as the central bank's inflation target for next year looks increasingly illusive. The BOJ maintained its money-printing target while tinkering with expiring loan schemes to support bank lending. It stuck to a bullish inflation outlook for 2016 even though it cut its 2015 projections following falls in oil prices in recent months. More»
Amwal Al Ghad English - 2015-01-19 08:35:43
China’s stock market has suffered its biggest one-day fall in over six years this morning, after regulators clamped down on risky investing practices. The Shanghai index tumbled by 7.7% to 3,355 points, the biggest one-day fall since June 2008. Several bank shares slumped by 10%, the maximum allowed. The sharp selloff was triggered by a crackdown on margin trading; where investors borrow money from their stock broker and use it to buy shares. The resulting leverage can give them big returns, but is also extremely risky. The China Securities Regulatory Commission announced on Friday that three large brokers – Citic Securities, Haitong Securities and Guotai Junan Securities — had been banned from opening new margin trading accounts for three months. Shares in Citic and Haitong both tumbled by 10% in early trading today. The Shanghai index had surged in recent months, up around 40% since November, triggering the CSRC to act. As Hao Hong, a strategist at Bocom International Holdings Co. in Hong Kong, explained to Bloomberg: “Regulators are concerned that shares have run too hard, too fast”. “They want a measured increase in the stock market. After all, margin financing is one of the reasons for people to be bullish on brokerage stocks, and these stocks have run particularly hard.” More»
Amwal Al Ghad English - 2015-01-19 07:08:31
Chinese shares recoiled on Monday after regulators took steps to rein in speculative lending there, while investors everywhere were wary of being disappointed by the latest efforts at policy stimulus in the euro zone. A holiday in the United States also made for thin conditions at the start of a week littered with major data and a crunch council meeting for the European Central Bank. In China, financial shares were slugged as Beijing cracked down on credit products that have been blamed for fuelling excessive market speculation over the past three months. The Shanghai market shed 6.4 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen slid 6.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan erased early gains to be down 0.1 percent, even as markets across much of the region edged higher. Australia's main index firmed 0.2 percent and Japan's Nikkei added 0.8 percent. European bourses were also expected to open with modest gains. More»