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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        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        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        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        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 - 2017-12-13 05:46:48
Asian markets were mixed in Wednesday trading as investors awaited the conclusion of the Federal Reserve's two-day policy meeting and the dollar edged down following a projected Democrat win in Alabama. Though the Nikkei 225 was lower by 0.56 percent, there were gains among some automakers and most financial stocks. Energy-related names pulled back while tech shares were a mixed picture, with SoftBank off 0.78 percent and Sharp climbing 0.93 percent. Across the Korean Strait, the benchmark Kospi index tacked on 0.54 percent as South Korean President Moon Jae-in began a four-day trip to China. North Korea's weapons program and Seoul's deployment of the THAAD missile defense system are expected to be on the agenda during the trip. So-called "THAAD-related" stocks — the name given to South Korean shares that get hit when China retaliates against the country by cutting off tourism — gained on Wednesday: Lotte Shopping rose 1.01 percent, Amorepacific gained 1.61 percent and Korea Air Lines was up 5.97 percent. Meanwhile, losses in blue-chip tech heavyweights were offset by gains seen in manufacturing and automobile names. Samsung Electronics fell 1.23 percent, SK Hynix shed 1.67 percent and Posco rose 0.9 percent. In Sydney, the S&P/ASX 200 erased early gains to trade 0.03 percent below the flat line as energy names declined. Santos shed 1.08 percent and Oil Search lost 0.47 percent. Losses were also seen among utilities and gold miners. Shares of shopping center company Westfield surged 13.76 percent after it accepted a $15.7 billion takeover bid from France's Unibail-Rodamco. Shares of Scentre Group, which owns the group's Australian assets and was spun out in 2014, rose 1.61 percent after surging some 4 percent in the previous session. Hong Kong's Hang Seng Index edged up by 0.28 percent while mainland markets were little changed. The Shanghai Composite was off 0.12 percent and the Shenzhen Composite 0.1 percent lower. Most major U.S. indexes rose on Tuesday as optimism over tax reform mounted. The Dow Jones industrial average rose 118.77 points, or 0.49 percent, posting a record close of 24,504.80. The existing version of the tax bill will include a 21 percent corporate tax rate, sources told CNBC. House and Senate Republicans had earlier passed separate version of the bill and are now hammering out a joint bill. Markets awaited the conclusion of the Federal Reserve's December policy meeting on Wednesday U.S. time. The Fed is expected by most market watchers to raise interest rates by a quarter point. Investors are also watching the Fed for clues about how the central bank will process possible changes to the U.S. tax system going forward. Decisions from other central banks, including the Bank of England and European Central Bank, are also expected in the week. Meanwhile, investors also took note of a special Senate election in Alabama, which Democrat Doug Jones has been projected to win. If confirmed, the development will take the Republican Party's slim majority in the Senate down to 51 seats and could be a potential stumbling block as the GOP attempts to pass a tax reform bill. The dollar index, which tracks the U.S. currency against a basket of six currencies, edged lower to trade at 93.933 at 12:00 p.m. HK/SIN after firming overnight. Against the yen, the greenback lost ground to trade at 113.27. "A lot of positive news is priced in the dollar and currency is vulnerable to disappointment," Giulia Specchia, an economist at ANZ, said in a morning note. In currencies, the Australian dollar extended gains following a flurry of M&A news on Tuesday. The Aussie dollar traded at $0.7574 at 12:02 p.m. HK/SIN after climbing as high as $0.7580 in the previous session. That move higher in the currency followed news of the Unibail-Rodamco acquisition of Westfield on Tuesday. Australian bank ANZ also said in the previous session that its life insurance business would be sold to Zurich Life. Meanwhile, the New Zealand dollar traded at $0.6951 after touching a one-month high overnight. The currency was given a boost following the appointment of the Reserve Bank of New Zealand's new governor earlier this week. In commodities, oil prices pared some overnight losses on Wednesday after data showed U.S. crude stocks fell more than expected. Also of note, the U.S. Energy Information Administration said Tuesday it expects U.S. oil production to rise sharply next year, Reuters reported. Prices had risen earlier this week following the closure of Britain's Forties Pipeline for repairs. U.S. West Texas Intermediate edged up 0.65 percent to trade at $57.51 per barrel. Brent crude added 0.9 percent to trade at $63.92 after falling 2 percent in the previous session. Shares of Toshiba were up 0.98 percent after the embattled Japanese company came to an agreement over a dispute with business partner Western Digital. The latter had earlier taken issue with Toshiba's decision to sell its memory chip unit to a consortium led by Bain. The companies said in a joint statement they would proceed with future investments in their Yokkaichi joint venture. Meanwhile, the founder of Chinese tech company LeEco has been included on a nationwide list of debt defaulters, China Daily reported. Jia Yueting had not paid around 465 million yuan ($70.2 million) owed to Ping An Securities, the newspaper said. The company once had its sights set on taking on Apple, but has since been plagued by a shortage in cash. More»
Amwal Al Ghad English - 2017-12-12 06:17:16
European markets finished on a mixed note Monday as investors looked ahead to two key monetary policy meetings scheduled for this week. After fluctuating between gains and losses, the pan-European STOXX 600 closed just below the flatline, off 0.05 percent provisionally. Most sectors closed lower; however, commodity-based sectors, media and banks outperformed. Looking to bourses, the U.K.'s FTSE 100 rose 0.8 percent by the close, while France's CAC 40 and Germany's DAX ended in the red, off 0.23 and 0.23 percent respectively. The FTSE was boosted by a dip in sterling and a boost in mining stocks.Banks were one of the sectors that finished on a positive note, with Britain's HSBC closing up 2.5 percent. Shares of the lender were lifted following news that the U.S. Department of Justice would seek dismissal of charges brought against it in 2012. "The Department of Justice has recognized HSBC's progress in strengthening its anti-money laundering and sanctions compliance capabilities over the past five years," HSBC said in a statement. Overall, the gains in the banking sector were supported somewhat by expectations of higher interest rates. The U.S. Federal Reserve is due to start a two-day meeting Tuesday and the European Central Bank (ECB) is due to meet on Thursday. Expectations are that the Fed will raise rates one last time this year. Meanwhile, even though it's unlikely that the ECB will alter its policy this week, it's expected to announce new economic forecasts for the region. Looking to commodities, basic resources rose 1.18 percent, surpassing fellow sectors after news surfaced that Australia's Mineral Resources made a bid for AWE, topping a Chinese offer. Metal prices on the London Metal Exchange were trading mostly higher in Monday's session, with nickel and lead posting strong gains.Meanwhile, oil and gas stocks rose on the back of an uptick in crude prices. Brent crude posted gains of around 1.5 percent by Europe's close. Technology, travel and leisure, and utilities were the worst performing sectors Monday. Looking at individual stocks, Steinhoff shares jumped 24.36 percent after three sessions in the red, due to an accounting scandal. Investec said Monday that although it has credit exposure to the South African retailer, it doesn't expect any losses from the accounting scandal. The CEO of Mediaset, Pier Silvio Berlusconi told news firm Corriere della Sera over the weekend that he hoped the shared interest over TV content with Telecom Italia could lead to a truce with rival firm Vivendi; Reuters reported. On Monday, Vivendi popped 2.7 percent. Inmarsat meantime tumbled over 8 percent after Goldman Sachs downgraded its rating on the stock to "neutral" from "buy". Looking overseas, U.S. equities posted minor gains around Europe's close. In morning trade, investors were keeping a close eye on the news, after an explosion near New York City's Times Square on Monday. A senior New York City Police Department official said that one person was placed in custody following the incident. Police added that the person in custody had sustained a minor injury. The suspect, was identified as Akayed Ullah, with the NYPD confirming that it is believed a crude bomb was detonated in Port Authority. He and three others suffered injuries that are not life threatening, the NYPD said. More»
Amwal Al Ghad English - 2017-12-12 06:07:27
Asian markets drifted lower in Tuesday trade following a firm lead on Wall Street, which saw the Dow Jones industrial average close at a record high ahead of the Federal Reserve's December meeting. The Nikkei 225 drifted lower by 0.2 percent after hovering near the flat line earlier in the day. Gains were seen in trading houses and financials, as automakers and tech stocks traded mixed. Across the Korean Strait, the Kospi edged down 0.53 percent. Several heavyweight tech names rose, but those gains were offset by losses seen in retailers and energy-related stocks. Samsung Electronics was up 0.5 percent, and Lotte Shopping was down 3.41 percent. Kumho Tire stock jumped 8.09 percent following news about a potential takeover, Reuters said, citing local newspaper Hankyong. Down Under, the S&P/ASX 200 tacked on 0.18 percent, with energy stocks climbing 1.08 percent and leading gains on the index following the rise in oil prices. Santos gained 0.79 percent, Oil Search was up 1.37 percent and Woodside rose 1.51 percent. More»
Amwal Al Ghad English - 2017-12-11 08:09:19
Futures on the world’s most popular cryptocurrency increased as much as 25 percent to register $18,000 during their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts meant to cool volatility. Dealers said initial volumes exceeded expectations, while traffic on Cboe’s website was so strong that it caused delays and outages. The exchange said all its trading systems were normal. “It was pretty easy to trade,” Joe Van Hecke, managing partner at Chicago-based Grace Hall Trading LLC, said in a telephone interview from Charlotte, North Carolina. “I think you’ll see a robust market as time plays out.” More»
Amwal Al Ghad English - 2017-12-11 06:38:09
Asian markets edged higher in Monday trade as investors focused their attention on the launch of bitcoin futures, and an upcoming Federal Reserve meeting that's slated for later in the week. Japan's Nikkei 225 drifted higher by 0.27 percent as most trading houses and automakers recorded gains. Tech shares, were a mixed picture, with Sony falling 1.78 percent and SoftBank Group higher by 0.66 percent. Shares of construction company Obayashi Corporation were down 7.66 percent. The move followed a report from local newspaper Asahi Shimbun that prosecutors suspected the company was involved in bid-rigging. Across the Korean Strait, the Kospi reversed early losses to edge up 0.09 percent as automakers and some tech stocks declined. Hyundai Motor fell 5.05 percent and Samsung Electronics was off 0.27 percent. Samsung Heavy Industries announced Joonou Nam would be the shipbuilder's new CEO following the resignation of its last chief executive, Reuters said. Shares of Samsung Heavy were up 1.18 percent on Monday after plunging some 10 percent earlier. More»
Amwal Al Ghad English - 2017-12-09 06:48:50
European stocks closed higher on Friday, as investors reacted to progress in Brexit negotiations and a long-sought deal regarding global banking regulations. The pan-European Stoxx 600 was up almost 0.8 percent, with almost all sectors and major bourses in positive territory. Europe's banking index led the gains on Friday morning, up more than 2 percent after global regulators signed a long-awaited agreement in the previous session. The deal represents the last piece of the Basel III puzzle and is a compromise between U.S. and European regulators over capital levels and measurements of risk in the industry. ABN AMRO and Danske Bank led the sector, each trading more than 4 percent higher on the news. Meanwhile, basic resources stocks — with their heavy exposure to China — were trading up more than 1 percent. A robust rebound in Beijing's iron ore and copper imports appeared to stem a recent downturn in commodity prices. ArcelorMittal, the world's largest steelmaker, was up 1 percent.At the bottom of the benchmark was South African retailer Steinhoff, which plunged 20 percent on Friday after Moody's downgraded the stock by four ratings to "junk" status. The company has lost more than 80 percent of its value — wiping more than $12 billion off its market value — since it revealed accounting irregularities and parted ways with its chief executive, Reuters reported. On Wall Street, stocks opened higher following the release of a stronger-than-expected jobs report. Brexit continues to keep investors on their toes with the U.K. and European Union finally agreeing upon three particular issues that had impeded negotiations, paving the way for the next phase of discussions. Sterling rose more than half a percent to hit a six-month high against the euro after the announcement. Speaking of politics, news Stateside is expected to shake up sentiment, whether that be related to Russia relations, tax reforms or geopolitics. In the latest from the country, Congress moved rapidly to send President Donald Trump a short-term funding bill on Thursday, in order to prevent a government shutdown from happening this weekend. More»
Amwal Al Ghad English - 2017-12-07 06:16:05
European markets closed lower by a small margin Wednesday afternoon as investors reacted to a slump in global technology stocks. The pan-European Stoxx 600 ended the day's trading down 0.1 percent with sectors pointing in different directions, with some having recovered from losses earlier in the day. Most major bourses were in negative territory but the U.K. FTSE rebounded in afternoon trade, closing 0.28 percent to the upside. Auto and bank stocks fell the furthest Wednesday, with both sectors down roughly 1 percent. Tech stocks have come under pressure recently amid concern that the chip market boom could soon come to an end. But, the sector recovered roughly half of 1 percent in afternoon trade, ultimately closing 0.56 percent lower. The food and beverages sector was 0.77 percent higher. Looking at individual stocks, Steinhoff shares crashed on Wednesday after the retail group announced it had launched an investigation into accounting irregularities after the CEO had resigned. Its shares closed over 63 percent lower on the news.The U.K.'s Saga was another big faller Wednesday, down more than 21 percent after a profit warning. The company, which specializes in over-50s travel and insurance, said profits in the current financial year would grow more slowly than anticipated.Meanwhile, British shopping center investment firm Hammerson announced Wednesday it had agreed to buy Intu Properties in a deal worth approximately £3.4 billion ($4.56 billion). Shares of Intu Properties topped the Stoxx 600 Wednesday afternoon, rallying nearly 14 percent by the end of the day. Stateside, U.S. equities rebounded following a lower open. Tech stocks bounced back from falls in recent days, as investors kept an eye on news concerning tax reform coming out of Washington. In the latest news surrounding the divorce proceedings between the U.K. and the European Union (EU), British leader Theresa May is facing pressure from fellow political parties to soften negotiations by keeping the U.K. within the customs union and the single market after it leaves the political-economic bloc, Reuters reported. Consequently, investors will be paying close attention to the British pound during the week as it battles with Brexit developments. Speaking of currencies, Bitcoin broke above the $12,000 mark prior to the European open as the cryptocurrency continued to advance. Stateside, President Donald Trump is reportedly poised to announce the U.S. will recognize Jerusalem as Israel's capital on Wednesday, with senior administration officials saying the embassy will be moved there, although noted that this could take "years". The move is controversial in the Middle East and has been criticized by Turkey, among others. More»
Amwal Al Ghad English - 2017-12-07 06:12:45
Asian markets were mixed on Thursday, as the Hang Seng Index and Nikkei 225 recouped some losses after falling around 2 percent on Wednesday. Stateside, major indexes closed narrowly mixed as investors awaited tax reform developments. Japan's Nikkei 225 bounced 1.27 percent after falling nearly 2 percent in the previous session. Gains were seen across sectors, with automakers, tech and financial names all climbing higher. Energy-related plays were mixed after oil prices slid on Wednesday. Across the Korean Strait, the benchmark Kospi index slipped 0.36 percent. Gains in some tech heavyweights were offset by losses in the manufacturing and oil sectors. Blue-chip Samsung Electronics rose 0.32 percent while steelmakers Posco and Hyundai Steel edged down 0.9 percent and 0.49 percent, respectively. Down Under, the S&P/ASX 200 advanced 0.57 percent. The heavily-weighted financials sub-index gained 0.74 percent as Australia's "Big Four" banks recorded gains on the day: ANZ tacked on 0.78 percent and Westpac rose 1.34 percent. Major miners were mixed. More»
Amwal Al Ghad English - 2017-12-06 06:58:11
European markets closed in the red by a small margin Tuesday as investors digested the latest news surrounding Brexit talks and monitored fresh economic data. The pan-European Stoxx 600 finished the day's trading 0.19 percent lower, with major bourses in the red. Europe's basic resources stocks led the losses, having tumbled 1.41 percent lower by the end of Tuesday's trade amid heavy falls in metals markets. Rio Tinto, Glencore and Anglo American were all over 2 percent down. Retail was the best performing sector, up 0.76 percent having pared back from gains of over 1 percent in afternoon trade. Tesco was one of the top performers on Tuesday amid news of a double upgrade from Goldman Sachs. The U.S. broker upgraded Britain's biggest retailer to "buy" from "sell" as it said margin pressure in the U.K. grocery market was easing. Tesco's shares closed up nearly 3 percent, having rallied by over 8.5 percent earlier in the afternoon. Provident tumbled to the bottom of the benchmark on Tuesday after the U.K.'s financial watchdog opened an investigation into its car and manufacturing arm. The British sub-prime lender said an investigation by the Financial Conduct Authority (FCA) would examine its Moneybarn unit. Its shares finished the day's trading down by just over 10 percent. On the data front, the European economy enjoyed another robust month in November. The euro zone composite PMI, calculated by data firm Markit, surged to 57.5, up from 56.0 in October. That's the highest monthly reading in more than 6.5 years. The topic of Brexit will continue to shake up sentiment. In the latest talks between the U.K. and the European Union, both sides failed to agree upon the terms for the U.K. leaving the political-economic bloc on Monday. In the U.S., stocks were trading higher as investors continued to be positive about the recently passed Republican bill to overhaul the country's tax system. Shares in financials have been trading particularly well on the back of potential tax reform, up over 3 percent on the past week. Bank of America jumped more than 1 percent in premarkets after the bank announced a £5 billion stock buyback, on top of a $12 billion repurchase announced earlier this year. Meanwhile, the technology sector rebounded in Tuesday's trade, having fallen over 3 percent in the past week as investors moved into sectors more likely to benefit from a lower corporate tax rate. More»
Amwal Al Ghad English - 2017-12-05 06:28:22
European markets closed higher Monday afternoon as investors digested news that the U.S. Senate narrowly passed a major tax bill over the weekend. The pan-European Stoxx 600 ended the day's trading up 0.91 percent, with major bourses and all sectors bar technology in positive territory. The construction and material sector led the gains, up nearly 1.6 percent, followed by the autos and chemicals sectors. Europe's auto stocks, which have a large exposure to the U.S., rose 1.56 percent Monday afternoon after the U.S. Senate passed a tax package delivering significant fiscal stimulus.Looking at individual stocks, Switzerland-based fintech firm Temenos led the Stoxx 600, followed by U.K. media company Daily Mail and Italian eyewear firm Luxottica. Denmark's largest insurance firm Tryg said it had agreed to buy unlisted competitor Alka Forsikring for $1.31 billion on Monday. The company said it was looking to bolster its presence in the property and casualty insurance markets. Tryg's shares closed over 3 percent higher.Meanwhile, Dialog Semiconductor slumped to the bottom of the benchmark Monday, with its shares ending the day's trading over 24 percent lower. The German microchip maker said its top customer Apple could soon opt to build its own power-management chips instead. However, Dialog Semiconductor said it should not lose its Apple power chip business in 2018. In Europe, the U.K. and the European Union have as yet failed to agree on the terms of Brexit, as announced in a press briefing held by U.K. Prime Minister Theresa May and European Commission President Jean-Claude Juncker in Brussels, Belgium. But, both politicians were positive on negotiations, with Juncker saying that he felt that sufficient progress could be made ahead of a broader EU summit later this month. Britain and the EU have reportedly agreed to avoid a hard border between the U.K. country of Northern Ireland, and its neighbor- the separate EU member state of the Republic of Ireland, for whom the U.K. is a major trading partner. Stateside, U.S. markets were buoyant with the Dow 230 points higher, boosted by the Senate narrowly passing a Republican bill to overhaul the country's tax system over the weekend. But, the GOP still needs to overcome obstacles in order for the Senate and the House to craft a joint bill, with Republicans hoping a deal will be achieved by Christmas. More»