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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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 - 2016-04-02 09:05:53
European equities tumbled to a one-month low on the first trading day of the quarter on Friday, with energy stocks hit by weaker oil prices while Osram retreated after it was dropped from Apple's top supplier list. The pan-European FTSEurofirst 300 index was down 1.5 percent at its close, hitting its lowest level in a month earlier in the session. The benchmark index fell 7.7 percent in the first quarter. European stock markets stayed in negative territory after the U.S. jobs data was published. Some traders pointed to the fact that the U.S. unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent as making it more likely that the United States may refrain from further interest rate rises in the near future. This pushed down the U.S dollar on currency markets, but moved the euro up against the dollar - impacting European stocks since European exporters often benefit from a weak euro to make their goods more affordable for overseas buyers. "More dollar weakness seems likely for now, which could have a negative effect on European stocks," said Darren Sinden at Admiral Markets. Energy stocks dropped 2.7 percent as a decline in crude oil prices pushed down the shares of BP and Total . Osram fell after dropping from Apple's list of its top suppliers but shares in steelmaker Thyssenkrupp rose 4.9 percent after German business paper Rheinische Post reported that India's Tata Steel was planning to take a stake in Thyssenkrupp's European steel unit. The FTSEurofirst remains down by around 9 percent since the start of 2016. More»
Amwal Al Ghad English - 2016-04-02 08:37:52
Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes. The Labor Department's report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent as more Americans entered the labor force. Along with another report showing the U.S. manufacturing sector resumed growth in March, the employment data suggested the economy is not growing fast enough to increase concerns about inflation. "It's a very solid number overall, but I don't think it changes anything as far as the Fed's outlook," said Jon Adams, a senior investment strategist and portfolio manager at BMO in Chicago. Stock gains were limited by a 1.39 percent drop in the S&P 500 energy sector .SPNY as oil prices tumbled nearly 4 percent amid increasing skepticism about a deal to freeze crude production. Since mid-February, the S&P has surged 13 percent, recovering from deep losses thanks to a stabilization of oil prices and reduced concerns about a stumble in China's economy and its potential fallout in the United States. Wall Street has been concerned about tepid corporate earnings and will keep a close eye on the quarterly reports that start rolling in coming weeks. Analysts expect S&P 500 companies' first-quarter earnings to fall 7 percent year over year, with energy companies weighing heavily, according to Thomson Reuters data. More»
Amwal Al Ghad English - 2016-03-31 10:45:58
European stocks dropped Thursday, retreating after solid gains in the previous session following dovish comments from the head of the U.S. Federal Reserve, while French telecom stocks underperformed. The pan-European FTSEurofirst 300 index fell 0.7 percent. The index had risen 1.3 percent in the previous session after Federal Reserve Chair Janet Yellen's call for caution in raising U.S. interest rates buoyed global stock markets. French telecom stocks were among the worst performers after Orange and Bouygues decided to extend negotiations on a possible sale of Bouygues Telecom until Sunday, citing a lack of progress ahead of a Thursday deadline. Orange shares fell 1.5 percent, while Bouygues declined 3.3 percent. Rival French telecom stocks also lost ground, with Iliad dropping 3.3 percent, Numericable-SFR down 1 percent, while Altice fell 1.9 percent. More»
Amwal Al Ghad English - 2016-03-31 08:03:00
Asian shares edged up to a four-month high on Thursday as receding worries of near-term U.S. interest rate hikes continued to buoy investors' appetite for riskier assets. But spreadbetters forecast a slightly lower open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI, with sliding crude oil prices expected to prevent European stocks from extending the previous day's rally. The dollar hovered near seven-week lows versus the euro, still gripped by cautious comments from Federal Reserve Chair Janet Yellen earlier in the week on monetary tightening. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, briefly reaching its highest since early December. The index was poised to eke out a gain of 1 percent this quarter, which saw equities rocked earlier by global growth worries, and particularly for the Chinese economy. Japan's Nikkei .N225 rose 0.2 percent, on track for an 11 percent loss on the quarter as the yen firmed against the flagging dollar, while Australian stocks added 1.5 percent. Shanghai shares .SSEC climbed 0.5 percent, en route to a quarterly drop of about 15 percent. Risk appetite has increased since Fed Chair Yellen said on Tuesday that the U.S. central bank should proceed cautiously as it looks to hike rates, pushing back against some colleagues who have suggested another move may be just around the corner. "Fed Chair Janet Yellen's speech earlier this week is still dragging the dollar down, sparking risk appetite globally," said Kim Moon-il, a foreign exchange analyst at Eugene Futures in Seoul. More»
Amwal Al Ghad English - 2016-03-30 10:03:49
European stocks advanced for a second day Wednesday after Federal Reserve Chair Janet Yellen reiterated that interest rates will be raised gradually in light of uncertain global growth. The Stoxx Europe 600 Index climbed 1.1 percent at 9:34 a.m. in London. The equity gauge ended Tuesday up 0.5 percent, after swinging between gains and losses as commodity-related stocks retreated. Before yesterday’s advance, the benchmark had fallen for four consecutive sessions, signaling a loss of momentum in the rebound that more than halved its 2016 decline. It is still on course for a 2 percent gain in March, its first monthly rise since November, paring its loss for the year to 6.9 percent from as much as 17 percent. “Janet Yellen slapped down all the hawkish rhetoric that came out of the Fed in the wake of the last meeting,” said Michael Hewson, the London-based market analyst at CMC Markets Plc. “A weaker dollar, the markets are less worried about a rate rise in April, and the prospects of a potential rate rise in June have also receded ever so slightly as well, and that generally is giving markets a significant boost.” In a speech to the Economic Club of New York, Yellen said it is appropriate for U.S. central bankers to “proceed cautiously” in raising rates. Her comments reassured investors speculating on the pace of increases after recent data, including stronger-than-forecast economic growth and consumer confidence, boosted the case for a hike. Traders have cut the odds of an April rate rise to zero, with the probability of a move in June down to 28 percent. Commodity-related shares posted the biggest gain of the 19 industry groups on the Stoxx 600, with Anglo American Plc and Glencore Plc rising more than 6 percent. Energy companies rebounded as oil recovered. Among stocks moving on corporate news, Metro AG jumped 9.3 percent after the German retailer said it’s preparing to split in two in a move aimed at boosting its value. More»
Amwal Al Ghad English - 2016-03-29 09:26:19
European stocks edged higher Tuesday, shrugging off losses in Asia, while the dollar regained its footing as investors looked to a speech by Federal Reserve Chair Janet Yellen for clues to the interest rate outlook following weak U.S. data. As European markets reopened after a four-day Easter break, oil dipped below $40 a barrel with U.S. crude stockpiles forecast to hit record levels. This, signalling continued low levels of inflation, helped push low-risk government bond yields down. But the focus was on Yellen, who was due to speak before the Economic Club of New York at 1530 GMT. Weaker-than-expected U.S. consumer spending data on Monday prompted analysts to suggest the U.S. central bank would be cautious about raising rates this year. Fed policymakers earlier this month projected two rises in 2016, with some saying the first could come next month. "After the optimistic comments we had from other Fed officials in the recent past, we expect Yellen to be more balanced compared to a very dovish Fed statement," said Yujiro Gato, currency strategist at Nomura. "Clearly that will be a driver for the dollar today." The pan-European Eurofirst 300 .FTEU3 stock index rose 0.6 percent, with insurers among the gainers after positive broker comments. The index is down some 8 percent in 2016 after a turbulent quarter on financial markets triggered by concern over the health of the Chinese economy, uncertainty over U.S. rates and sharp fluctuations in the price of oil and other commodities. Britain's FTSE 100 index .FTSE added 0.8 percent, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.4 percent. Australian shares finished about 1.6 percent lower while Tokyo's Nikkei .N225 closed 0.2 percent lower as the week U.S. data rattled sentiment towards exporters. China's blue-chip CSI300 index .CSI300 closed down 1.1 percent and the Shanghai Composite Index .SSEC lost 1.3 percent. The dollar, which slipped on Monday on the soft data, rose 0.2 percent against a basket of currencies .DXY. Morgan Stanley said its positioning data showed the market was its most short dollars since June. The euro EUR= fell 0.1 percent to $1.1178 while the Japanese yen JPY= fell 0.2 percent to 113.62. Speculation of more monetary stimulus and talk that Japanese Prime Minister Shinzo Abe might delay an unpopular sales tax hike and call a snap election kept the yen under pressure, though Abe insisted on Tuesday that neither option was planned. CRUDE DROP Brent crude oil LCOc1 dropped 62 cents to $39.65. A preliminary Reuters survey of analysts showed U.S. oil stockpiles measured by the American Petroleum Institute were expected to reach record highs. Oil prices are up some 50 percent from 12-year lows around $27 touched in January but the rally has eased in recent days. "Given the absence of economic numbers supporting increases in demand we continue to go sideways," said Jonathan Barratt, Chief Investment Officer at Ayers Alliance in Sydney. Cheap oil has helped depress global inflation. In the euro zone, long-term expectations for price rises EUIL5YF5Y=R, stand at 1.44 percent, way below the European Central Bank's inflation target of just under 2 percent. Yields on German 10-year government bonds DE10YT=TWEB, the benchmark for borrowing costs in the euro zone, fell 3.3 basis points to 0.16 percent. Gold XAU= dipped but held above a one-month low hit on Monday as the weak U.S. data dented prospects of an immediate U.S. rate hike. The metal traded at $1,216.70 an ounce. More»
Amwal Al Ghad English - 2016-03-28 09:05:40
The dollar firmed on Monday and most Asian markets surrendered early gains as investors cautiously awaited U.S. economic data and speeches by Federal Reserve officials this week that could signal more interest rate increases than expected. European markets are closed for the Easter Monday holiday. U.S. stock futures ticked up 0.3 percent, although they remain flat for the quarter. In the past week, the dollar has been helped by stronger-than-expected gross domestic product data and comments from some Fed officials indicating that policymakers think they could raise interest rates as early as next month. The dollar index against a basket of six major currencies rose as high as 96.339, its highest in almost two weeks. It was last trading up 0.1 percent at 96.273. "Fed officials generally looked to share views that they need to maintain a rate hike path given a U.S. recovery," said Jeong My-young, Samsung Futures' research head in Seoul. The dollar rose 0.4 percent to 113.51 yen, keeping intact its steady recovery from a 6-1/2-month low of 110.67 hit on March 17 after a Federal Reserve meeting that left markets convinced U.S. interest rates would not rise soon. The yen weakness gave Japan's Nikkei a 0.8 percent boost to its highest close in two weeks. Japan was the region's sole winner. With share markets in Australia, New Zealand and Hong Kong closed for holidays, the MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. Shares in Korea ended the day little changed, and Taiwan gave up earlier gains to close down 0.2 percent. Chinese stocks also reversed course, with the Shanghai Composite index falling 0.3 percent and the CSI 300 losing 0.4 percent. Indonesia, Singapore, Malaysia and the Philippines all extended losses, trading between 0.3 percent and 1.2 percent lower. U.S. GDP increased at a 1.4 percent annual rate in Oct-Dec, above the previously reported 1.0 percent pace, driven by fairly strong consumer spending, the third GDP estimate showed on Friday. U.S. PCE inflation data due at 1230 GMT could further fan expectations of an early rate move if it shows increasing inflationary pressure. "The PCE inflation has been rising of late. The Fed has said the prices will be the key in determining policy so the data should attract a lot of attention," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management. The annual core PCE inflation rose 1.7 percent in January, the fastest pace since July 2014. The data will be followed by a speech from Federal Reserve Chair Janet Yellen and a few other Fed policymakers on Tuesday, making the Fed's policy the biggest focus for now. [FED/DIARY] Given that money markets are pricing in only about a 50 percent chance of a rate hike by the Fed in June, with hardly any significant likelihood in April factored in, signs of a tightening in the next quarter could rattle financial markets. Gold, which earlier fell to a one-month low, recovered some of those losses to trade down 0.2 percent at $1,216.10 an ounce. The euro was little changed at $1.1163, not far from Thursday's one-week low of $1.1144. The Australian dollar advanced 0.3 percent to $0.7525 having lost 1.4 percent last week and knocked away from an eight-month high of $0.7681. Oil prices, which have risen about 50 percent since multi-year lows hit in January, extended their gains in thin trading, powered by major producers' plans to freeze output at January's highs. U.S. crude futures gained 1.3 percent to $39.96 per barrel, and Brent advanced 1.2 percent to $40.91. More»
Amwal Al Ghad English - 2016-03-26 13:28:15
China's main stock indexes inched up Friday, recording small gains for the week as the market's month-long, 10-percent rebound loses momentum. Stock investors appeared unfazed by new property restrictions in Shanghai and Shenzhen, or by the yuan's weakness against the dollar this week. The Chinese currency is on track to fall against the greenback for a fifth straight day, and post its biggest weekly loss in over two months. The blue-chip CSI300 index rose 0.5 percent, to 3,197.82, while the Shanghai Composite Index gained 0.6 percent, to 2,979.43 points. Both indexes ended the week up 0.8 percent. They have risen more than 10 percent from lows hit on Feb. 29. Most sectors rose. The property sector gained, even as Shanghai tightened mortgage down payment requirements for second home purchases, among other measures to cool its overheating property market. Shenzhen also published rules to discourage speculative home purchases in the city, state media reported on Friday. Analysts said that these measures targeting major cities have limited impact on the national property market, and most investors had expected new cooling steps. More»
Amwal Al Ghad English - 2016-03-26 13:23:12
Japanese stocks edged higher Friday as a weaker yen raised sentiment, while investors bought stocks with high dividend yields such as life insurers before companies go ex-dividend next week. The Nikkei share average rose 0.7 percent to 17,002.75. It gained 1.7 percent for the week. The broader Topix rose 0.8 percent to 1,366.05 and the JPX-Nikkei Index 400 climbed 1.0 percent to 12,338.78. More»
Amwal Al Ghad English - 2016-03-26 12:46:16
The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession. Data on Friday, a market holiday, showed the U.S. economic growth slowdown in the fourth quarter was not as sharp as previously estimated. Reports on the housing market could also draw investors' attention given recent sharp gains in homebuilder stocks. Major indexes remain well above their 2016 lows, thanks to evidence of a reviving U.S. economy and a sharp rebound in oil prices, even as stocks broke a five-week streak of gains on Thursday, their last trading day before a long holiday weekend. While the volatility that marked the start of the year has diminished and many strategists have adopted a cautiously optimistic outlook, the market seems to have paused. The Friday U.S. data showed that even as gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, corporate profits from current production fell $159.6 billion in the fourth quarter. A catalyst for stocks could come from a rebound in corporate earnings. "What we've seen over the past couple of weeks is really just a return to normal," said Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts. Stocks' next big move will largely depend on earnings, he said. "We're kind of in a show-me phase, and it's got to be earnings." More»