Egypt's president discusses planned IPOs of 2 military-owned companies

Tue, 15 Nov 2022 - 04:54 GMT

President Abdel Fatah al-Sisi convened Tuesday with the heads of the National Petroleum Company (NPC) and National Co. for Natural Water in Siwa (Safi).

EGX ends Monday in red, market cap. loses LE 876.6M

Mon, 03 Oct 2022 - 04:41 GMT

The benchmark EGX30 inched down 0.02 percent, or 1.51 points, to end at 9,685.85 points.

Trade tensions weigh on stocks as markets await Fed verdict

Wed, 31 Jul 2019 - 10:44 GMT

The fresh trade tensions come ahead a U.S. Federal Reserve meeting which is expected to see interest rates reduced by 25 basis points (bps) in its first rate cut in more than a decade.

Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit

Wed, 17 Jul 2019 - 10:01 GMT

Fed expectations have not dented the dollar however. It stood around a one-week high against a basket of currencies after the previous day’s half-percent jump.

Stocks gain, dollar sags as Fed chief shores up rate cut prospects

Thu, 11 Jul 2019 - 09:47 GMT

The pan-European STOXX 600 climbed 0.2% after losing 1.4% over the past four sessions. Germany’s DAX futures rose and Britain’s FTSE futures gained 0.3%.

Global stocks gain as U.S. eases Huawei restrictions

Tue, 21 May 2019 - 10:23 GMT

In Europe, the broader Euro STOXX 600 edged up 0.3%, with Germany’s DAX rising 0.6%, while France’s CAC 40 climbed 0.2%.

Stocks slip, dollar drifts after Fed cools rate cut bets

Thu, 02 May 2019 - 09:27 GMT

Oil and metals markets added to the pressure on stocks on Thursday with traders sending copper to a 2-month low.

EGX ends mid-week session red, market cap. loses LE 3.18B

Tue, 23 Apr 2019 - 02:01 GMT

The benchmark EGX30 lessened 1.05 percent, or 155.48 points, to close at 14,645.78 points.

Stocks splutter as oil races to near six-month high

Tue, 23 Apr 2019 - 09:56 GMT

Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers.

Stocks march on as European volatility vanishes

Tue, 16 Apr 2019 - 09:37 GMT

European shares followed their Asian counterparts and opened marginally higher.

Bond yields keep falling, stocks try to steady

Thu, 28 Mar 2019 - 09:58 GMT

Sterling was also hit by a bout of Brexit blues after a round of votes in the U.K. parliament failed to produce any new plan to manage its divorce from the European Union.

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

Tue, 12 Feb 2019 - 08:56 GMT

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check.

Stocks buoyed by deal to avert U.S. government shutdown

Tue, 12 Feb 2019 - 08:54 GMT

Asian shares gained on Tuesday as investors hoped a new round of U.S.-China trade talks would help to resolve a dispute that has dented global growth and some corporate earnings.

Friendly Fed fires world stocks to best January on record

Thu, 31 Jan 2019 - 11:01 GMT

The Fed said it would pause its 3-year interest rate rise campaign while assessing the weakening of the economy.

China trade shock rattles European stocks, commodities

Mon, 14 Jan 2019 - 09:52 GMT

“We believe trade growth next year will slow significantly on huge uncertainty and high base,” Citi analysts wrote in a note, predicting China’s exports and imports to fall 5.1 percent and 6.8 percent respectively this year.

Wall Street may gain Monday but unlikely to mute December losses

Mon, 31 Dec 2018 - 09:13 GMT

“I think there’s a chance that the market could rally into the end of the year,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

Wall Street selloff worsens on Mnuchin move, Washington drama

Tue, 25 Dec 2018 - 09:47 GMT

All three major indexes ended down more than 2 percent the day before the Christmas holiday.

U.S. stock futures slip, Asia follows after Canada arrests Huawei CFO

Thu, 06 Dec 2018 - 09:05 GMT

S&P500 e-mini futures fell almost 2 percent at one point in thin Asian morning trade and were last were down 1.3 percent.

EGX loses LE 13.48 of market cap. amid Egyptian, Arab selling

Tue, 04 Dec 2018 - 02:02 GMT

The benchmark EGX30 declined 2.39 percent, or 309.7 points, to close at 12,624.74 points.

Banks lift Saudi index, most Gulf markets mixed

Tue, 06 Nov 2018 - 09:02 GMT

Saudi Arabia’s bourse was up 0.4 percent after half an hour of trading, with Al Khaleej Training and Education jumping 5.7 percent after its third-quarter revenue rose.