amwalalghad :: World

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Universal For Paper and Packag   4.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2017-12-16 06:48:59
European closed lower on Friday, with sentiment curbed by concerns over plans to overhaul the tax system in the U.S. The pan-European Stoxx 600 closed provisionally lower, down almost 0.2 percent, with most sectors and major indexes trading in negative territory. Retail stocks were by far the worst-performing sector, down more than 2 percent, after H&M reported fourth-quarter sales below its own expectations. Shares of the fashion retailer fell almost 13 percent to their lowest level since 2009. In other stock news, Deutsche Telekom agreed to buy the Dutch business of Tele2. The latter jumped around 6 percent in early trade but it has since then lost some ground, trading more than 1 percent. Shares of BT were more than 1 percent higher following news that it's agreed a cross supply of TV packages with rival Sky. Sky's stock moved up 2.8 percent on the news. On Wall Street, stocks opened higher as investors awaited the release of the Republican tax bill. The chairman of U.K. housebuilder Persimmon, Nicholas Wrigley, is resigning after a dispute over an incentive scheme that lined up a £232 million ($311 million) pay-out to three directors, the Financial Times reported. Overall, market sentiment was also dragged down by developments in the U.S., where two Republican senators are holding out from voting for the GOP tax plan as written, adding uncertainty to the party's push to overhaul the U.S. tax system. Vice President Mike Pence delayed a trip to the Middle East amid the uncertainty. In Europe, leaders formally agreed to begin the second phase of Brexit talks. Prime Minister Theresa May told her counterparts she is on track to deliver Brexit. Over the weekend, the U.K.'s Finance Minister Philip Hammond is set to fly to China to seal a billion pounds worth of trade and investment deals, Reuters reported. In terms of data, euro zone trade balance numbers came in lower than expected with exports dropping 2.4 percent in October. More»
Amwal Al Ghad English - 2017-12-16 06:43:40
U.S. stocks rose to all-time highs on Friday as expectations of a Republican tax bill passing increased. The Dow Jones industrial average jumped 139 points to 24,651.74, a record. The S&P 500 gained 0.9 percent to finish at 2,675.81, also hitting an all-time high, with financials, staples, health care and tech all rising at least 1 percent. The Nasdaq composite advanced 1.2 percent to a record close of 6,936.58. The plan will likely cut the corporate tax rate to 21 percent from 35 percent. Expectations of lower corporate taxes have helped boost stocks to record levels this year. Entering Friday's session, the S&P 500 had risen 18.5 percent. Lawmakers are expected to vote on the bill next week. "A cut in the corporate tax rate, effective next year, along with continued deregulation should bolster profits," said Ed Yardeni, president and chief investment strategist at Yardeni Research. "Industry analysts are projecting earnings gains of 10.9 percent this year, 11.4 percent next year, and 10.1% in 2019. Presumably, these numbers don't fully reflect the likely big positive impact of a cut in the corporate tax rate next year." The major averages reached their session highs following reports that Republicans had agreed to extend the child tax credit. Sources told CNBC that Republican Sen. Marco Rubio will support the tax bill after the tweaks. There had been concerns about the tax bill passing this year, after Rubio said Thursday he would vote against the bill if the proposed child tax credit was not extended. Fellow Republican Sen. Mike Lee also said Thursday he was undecided on the GOP plan. The major indexes were trading higher before the news about the senators broke, but closed lower on Thursday. The Dow also snapped a five-day winning streak.Bob Corker, a Republican senator from Tenessee who originally opposed the bill, said Friday he would vote in favor of the measure. "I think the bill is likely to pass, but if it doesn't, we could see a 5-to-10 percent decline in stocks," said Ed Keon, managing director and portfolio manager at QMA, the quantitative and dynamic asset allocation business of PGIM. The Dow and S&P posted their fourth consecutive weekly gains, while the Nasdaq snapped a two-week slide.In corporate news, shares of Hess jumped 2.3 percent after reports that Elliott Management is pushing for CEO John Hess to step down or for the company to sell all or part of its business. Meanwhile, Costco shares rose 3.3 percent after the company reported better-than-expected quarterly earnings and sales. More»
Amwal Al Ghad English - 2017-12-14 06:05:07
European stocks ended Wednesday's trading session in the red, as investors waited for the outcome of the U.S. Federal Reserve's two-day policy meeting. The pan-European Stoxx 600 finished down 0.24 percent provisionally, after what had been seen as a choppy trading session. Sectors, meanwhile, showed a mixed picture by the close. Looking to Europe's bourses, the FTSE 100 slipped 0.05 percent, while France's CAC 40 and Germany's DAX slipped 0.51 and 0.44 percent respectively. While sector performance was relatively mixed Wednesday, utilities ended up being the worst performers, with the sector slipping 2.11 percent by the end of trade. Taking a look inside the sector, Germany's Innogy tumbled to the bottom, off 13.23 percent, after the group adjusted its guidance for the 2017 business year. Consequently the drop in shares weighed on other German utility firms, including RWE — which sank 13 percent — and EON, which was off almost 5 percent. Switching focus, retailers outperformed a number of industries, boosted by Dixons Carphone. The electricals retailer posted a slump in first-half profits, as consumers were seen holding on to mobile handsets for longer than anticipated; yet CEO Seb James told BBC radio that the group's sales were at an all-time record high on Black Friday. Consequently, shares rose 8.48 percent. Sticking with the sector, Inditex saw a slowdown in sales growth during its third quarter, due to warmer weather conditions during Europe's fall season. However the Zara-owner's shares rose 1.7 percent, following news that sales had risen both in-store and online during the last month. In commodities, oil stocks declined as crude futures dropped in afternoon trade, while basic resources was the top performing sector, closing up 0.64 percent. Looking at individual stocks, shares of Swedish builder NCC Group slipped 8.9 percent in afternoon deals. The firm was on track for its worst trading day since July after it said provisions were likely to significantly impact fourth-quarter results. In the U.K., Ashtead fell 5.4 percent after Citi downgraded its stock recommendation for the industrial-equipment hire company. Meantime, Kion Group rose 6 percent after Morgan Stanley upgraded its rating and price target on the German-listed stock. Global markets were focused on the conclusion of the Fed's two-day policy meeting at which the central bank is widely expected to announce an interest rate hike after the European market close, at 2 p.m. ET. Most market watchers expect a 25-basis point rate increase. 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. In addition, monetary policy decisions are expected from the BOE and ECB on Thursday. In other news, markets will be watching the outcome of the Alabama Senate election. Democrat Doug Jones has been projected to win the seat in an historic victory for the party, as it will mark the first time a Democrat has won a Senate seat in the Republican stronghold in 25 years. His Republican opponent, Roy Moore, was hit by allegations of sexual misconduct ahead of the vote. As politics and central bank decisions continue to shake up sentiment worldwide, U.S. stocks traded higher at Europe's market close, with the Dow rising more than 100 points. More»
Amwal Al Ghad English - 2017-12-14 06:01:53
Most Asian markets were marginally lower on Thursday after the Federal Reserve raised interest rates for the third time this year, though South Korea shares were higher. The Nikkei 225 erased early gains to slide 0.46 percent. Automakers were mostly lower, as were most blue-chip tech names. Energy-related names were mixed. Across the Korean Strait, the Kospi surged 1.21 percent, with tech blue-chips and so-called "THAAD-related stocks" contributing to gains. Those stocks include retailers and consumer names that tend to get hit when tensions flare up between China and South Korea over Seoul's deployment of the THAAD missile defense system. Lotte Shopping extended overnight gains to climb 1 percent, and LG Household jumped 2.62 percent. Those moves came as South Korean President Moon Jae-in continued with his four-day visit to China. Business executives from major Korean corporations, including Hyundai and LG, are also taking part in the bilateral meeting. Down Under, the S&P/ASX 200 slipped into the red, edging lower by 0.06 percent. Gains were seen in energy and resource stocks, while real estate investment trusts and utilities slid. Major miners were mixed, with BHP tacking on 0.29 percent and Fortescue Metals shedding 1.34 percent. Heavily-weighted bank stocks were little changed. More»
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»