amwalalghad :: World

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Northern Upper Egypt Developme   4.93        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        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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 - 2018-01-31 09:18:05
Asia stocks steadied on Wednesday after stuttering in the wake of rising global bond yields, while the dollar came under renewed pressure, slipping to 2-1/2-year lows versus the yuan, ahead of the Federal Reserve’s policy decision.In his first State of the Union address since becoming U.S. President, Donald Trump urged Republicans and Democrats to work toward compromises on immigration and infrastructure and implement legislation that generates at least $1.5 trillion for new infrastructure investment. U.S. stock futures rose 0.15 percent, though overall market reaction to the speech was limited. “Futures lifted a bit because it was not a negative speech. He was calm. He celebrated America. He avoided his own failures,” said Tim Ghriskey, Chief Investment Officer at Cresset Wealth Advisors in Chicago. More»
Amwal Al Ghad English - 2018-01-30 06:18:49
U.S. stocks posted the biggest drop of this young year after the 10-year treasury yield shot higher, raising concerns higher interest rates would snuff out the bull market. The S&P 500 declined 0.7 percent to close at 2,853.53, only its fifth down day of the year and by far its biggest. The Dow Jones industrial average fell 177.23 points to close at 26,439.48, also posting its biggest decline of 2018. The Nasdaq composite pulled back 0.5 percent and closed at 7,466.51. The benchmark 10-year yield broke above 2.7 percent to reach its highest level since April 2014. Fears of higher inflation are sparking the sharp rise in bond rates this year. "It is not just interest rates that continue to rise; inflation expectations are rising with them," said Peter Boockvar, chief investment officer at Bleakley Advisory Group, in a note. He also said 2.8 percent is the next key level to watch on the 10-year. The Cboe Volatility index (Vix), widely considered the best gauge of fear in the market, rose 24.3 percent, or 2.7, to 13.77. More»
Amwal Al Ghad English - 2018-01-30 06:04:33
Asian indexes traded lower Tuesday, tracking declines seen on Wall Street in the previous session. Tokyo's benchmark Nikkei 225 index fell 1.55 percent in the afternoon. Early gains seen in automaker stocks were erased as the session wore on: Toyota was off by 0.33 percent percent and Honda declined 0.66 percent. Technology names were mostly lower, with heavyweight SoftBank Group falling 1.74 percent and Sony losing 1.78 percent. Trading houses and energy-related names also traded in negative territory, although several manufacturing names proved to be bright spots: Komatsu and Hitachi Construction Machinery were up 2.22 percent and 5.46 percent, respectively. Data released earlier in the day showed that retail sales last month rose 3.6 percent compared to one year ago, above the 1.8 percent median projected rise, Reuters said. Retail stocks were lower, with heavyweight Fast Retailing declining 2.04 percent. Apple suppliers in the region took a hit following the tech giant's overnight tumble, which came on the back of a Nikkei report about a reported reduction in iPhone X production. In Japan, Japan Display declined 1.65 percent although Sharp held above the flat line, gaining 0.5 percent. Hong Kong's AAC Technologies and Sunny Optical were down 1.6 percent and 1.12 percent, respectively. Over in Seoul, the Kospi declined 1.07 percent after rising nearly 1 percent to notch a record close in the previous session. Technology stocks traded mostly lower, weighing on the broader index. Blue chip Samsung Electronics sank 2.23 percent ahead of its earnings report due Wednesday and SK Hynix declined 2.79 percent. Down Under, the S&P/ASX 200 was lower by 0.9 percent on broad-based weakness across sectors. The heavily-weighted financials sector was in negative territory and mining names were mostly lower. Gold producers were mixed after several names reported production numbers for the second quarter. Newcrest Mining declined 1.54 percent and Evolution Mining reversed early losses to edge up by 0.36 percent. Greater China markets also traded lower after sliding in the afternoon in the previous session on profit taking. Hong Kong's Hang Seng Index slid 0.83 percent, with gains in some property developers offset by losses in energy-linked stocks and tech names. Financials were mostly lower: HSBC slipped 0.65 percent, but insurer AIA rose 1.07 percent. On the mainland, the Shanghai composite edged down by 0.74 percent and the Shenzhen composite slipped 0.42 percent. U.S. stocks closed lower, with the Dow Jones industrial average declining 177.23 points to close at 26,439.48. That came as the yield on the 10-year Treasury note rose above 2.7 percent, its highest levels since April 2014. The rise in bond rates this year has been driven by concerns over higher inflation. "There were no major news behind the move higher in yields, but given the recent break of key resistance levels, core yields now have more freedom to move higher," Rodrigo Catril, senior FX strategist at National Australia Bank, wrote in a morning note. Major indexes stateside had closed at record highs last week on the back of upbeat corporate earnings. As of Monday morning, 78 percent of S&P 500 companies that have announced results have topped earnings expectations, according to FactSet. The dollar was steady against a basket currencies after moving higher following the rise in bond yields overnight. The dollar index stood at 89.379 at 12:32 p.m. HK/SIN. Against the yen, the U.S. currency traded at 108.76 after earlier climbing as high as 109.20. The euro edged lower to trade at $1.2374 after slipping as low as $1.2335 in the previous session. On the commodities front, oil prices declined further after settling lower on Monday on the firmer dollar. U.S. West Texas Intermediate crude slipped 0.75 percent to trade at $65.07 per barrel. Brent crude futures shed 0.5 percent to trade at $69.11. Shares of Wanda Hotel Development surged 27.41 percent. The move higher came after news that several investors, including Tencent, are preparing to buy a 14 percent stake in a commercial real estate unit of Dalian Wanda Group, Reuters reported. Hong Kong-listed Ping An Insurance announced in a Monday filing that its application to spin-off its health care and technology unit had been approved by the Hong Kong Exchange. The company said the application proof of the unit's prospectus will be made available Jan. 30. Shares of Ping An were off by 0.33 percent. More»
Amwal Al Ghad English - 2018-01-29 07:53:32
Asian shares traded mostly higher on Monday, tracking significant gains stateside, although greater China markets gave up early gains to trade lower in the afternoon.Japan's Nikkei 225 held to slight gains, trading higher by 0.07 percent, with energy-related stocks, trading houses and automakers mostly higher on the day. Toyota gained 0.79 percent in the afternoon. Meanwhile, other large caps traded mixed: Manufacturing company Fanuc rose 0.29 percent, Fast Retailing slipped 0.06 percent and SoftBank declined 0.38 percent. South Korea's benchmark Kospi index climbed 0.97 percent, driven by solid gains in the technology sector. Samsung Electronics advanced 0.63 percent ahead of the announcement of its fourth-quarter results due later this week. Rival chipmaker SK Hynix gained 0.26 percent. Over in Sydney, the S&P/ASX 200 edged up 0.59 percent as markets resumed trade following a long weekend due to Australia Day last week. Gains were seen in most sectors apart from gold producers and real estate investment trusts. Meanwhile, energy-related stocks and telecommunications were among the top-performing sectors in the morning, with Santos up 0.77 percent. Greater China markets, which had mostly traded higher in the morning, slipped into negative territory in afternoon trade. Earlier on Monday, an official on China's National Development and Reform Commission wrote in an op-ed that black swan (impossible to predict) or grey rhino (probably coming, yet ignored) high-impact events were likely to take place this year, Reuters reported. On the mainland, the Shanghai composite shed 0.54 percent and the Shenzhen composite fell 1.39 percent. The blue chip CSI 300 index lost 1.16 percent. Hong Kong's Hang Seng Index, which at one point traded more than 500 points below its highest levels touched in the session, was last off by 0.04 percent. The fall was likely due to "a bit of intra-day profit taking after such a great start to the year," said Andrew Clarke, director of trading at Mirabaud Asia. More»
Amwal Al Ghad English - 2018-01-29 07:45:38
European markets are set to open higher on Monday morning, with investor sentiment expected to be buoyed by a market rally in Asia. The FTSE 100 is expected to start 16 points higher at 7,681, while the DAX is seen up 48 points at 13,382 and the CAC 40 is set to open 18 points higher at 5,547, according to IG. In Asia, stocks extended their bull run amid a flurry of upbeat corporate earnings and robust economic growth data. MSCI's broadest index of Asia-Pacific shares, excluding Japan, added 0.4 percent and appeared on course to notch a twelfth consecutive session of gains. Stateside, Wall Street has also been on a tear. Since the start of earnings season, the overwhelming majority of companies in the S&P 500 to have reported their latest figures have beat analysts' expectations, Reuters reported. Heavy hitters including the likes of Apple, Microsoft and Amazon are all scheduled to report this week. Back in Europe, Telekom Austria and Bankia are expected to report earnings on Monday. Meanwhile, Spain and Ireland are both due to report retail sales data shortly after the opening bell. In commodities, oil prices were seen hovering close to multi-year highs on Monday. Brent crude traded at around $70.41 a barrel Monday morning, down 0.2 percent, while U.S. crude was around $66.34 a barrel, up 0.3 percent. More»
Amwal Al Ghad English - 2018-01-27 06:48:54
Asian markets closed mixed on Friday as the dollar wobbled after gaining overnight following comments from President Donald Trump. Tokyo's benchmark Nikkei 225 index gave back morning gains to close lower by 0.16 percent, or 37.61 points, at 23,631.88. Major exporters finished the session mixed while financial names largely declined. Fanuc Manufacturing closed higher by 0.3 percent. Automakers were a mixed picture. Toyota rose 0.18 percent and Honda closed lower by 0.23 percent. Suzuki Motor fell 3.51 percent after Maruti Suzuki India announced quarterly profit that was below expectations, according to Reuters.Data released Friday showed December consumer prices in Japan were stable. The core consumer price index increased 0.9 percent in December compared to one year ago, a figure that was in line with expectations, Reuters said. Excluding food and energy, prices rose 0.3 percent last month. Retailers were mixed, with Fast Retailing advancing 0.39 percent by the end of the day. Over in Seoul, the Kospi reversed slight losses to end higher by 0.49 percent at 2,574.76. More»
Amwal Al Ghad English - 2018-01-27 06:46:18
European stocks closed higher on the last trading day of the week, as investors digested new earnings reports. The pan-European STOXX 600 closed provisionally almost half a percent higher on Friday, with almost all sectors moving into the black. European bourses were higher, with France's CAC 40 outperforming fellow indexes on the back of strong earnings. Luxury brand LVMH rose almost 4.9 percent after reporting that revenue had increased by 13 percent, compared to the previous year, coming in at 42.6 billion euros for 2017. The group added that it was "cautiously confident" for 2018, despite uncertainties surrounding geopolitics and fluctuations in the currency market. Other French luxury makers rose near the top of the STOXX 600 on the back of LVMH's results, with Christian Dior up more than 4 percent and Kering up more than 2 percent. At the other end of the benchmark, Gjensidige, sunk 6.6 percent after the insurer posted fourth-quarter profits that came in below expectations. Aryzta and SES both dropped sharply, off 8.9 and 5.7 respectively, after brokers cut target prices on both of the stocks. On Wall Street, stocks opened higher on better-than-expected quarterly earnings and economic data released by the Commerce Department. President Donald Trump addressed world leaders in a speech at the World Economic Forum (WEF) in Davos, Switzerland, on Friday. Trump told the conference that the U.S. wanted "fair" and "reciprocal" trade, criticizing countries that he said "exploit" others in trade deals. German Chancellor Angela Merkel is scheduled to meet Social Democratic Party leader Martin Schulz and other politicians as the curtain lifts on the latest round of coalition talks to form the next government. Rallies in major currencies made headlines Thursday as Trump told CNBC that "The dollar is going to get stronger and stronger," while European Central Bank President Mario Draghi said that there were "very few chances" that the institution would change interest rates this year. The euro held on to gains made in the previous session and was up 0.23 percent versus the U.S. dollar Friday, at $1.2423. The single currency had surged to the $1.25 level Thursday after Draghi delivered a press conference on the ECB's latest monetary policy decision. The dollar, meanwhile, traded 0.34 percent lower Friday against a basket of major currencies, after U.S. Treasury Secretary Steven Mnuchin said his comments on the dollar's weakness were taken out of context.On the data front, U.K. gross domestic product (GDP) data showed that the British economy had accelerated during the last three months of 2017, rising 0.5 percent according to data by the Office of National Statistics. The data beat analysts' forecasts, with a Reuters poll of economists expecting quarterly growth to remain at 0.4 percent. More»
Amwal Al Ghad English - 2018-01-27 06:33:38
U.S. stocks closed sharply higher on Friday as quarterly earnings top estimates, while the economy continues to grow. The Dow Jones industrial average rose 223.92 points and hit intraday and closing records. The 30-stock index finished the session at 26,616.71. The S&P 500 gained 1.2 percent to 2,872.87, with tech and health care as the best-performing sectors, and also reached an all-time high. The broad index also had its biggest one-day gain since March 1, 2017. The Nasdaq composite advanced 1.3 percent to close at 7,505.77 and notched record highs. It also had its best day since January 2. The major indexes also posted weekly gains of at least 2 percent.AbbVie, Honeywell, Intel and Rockwell are among the latest companies to report better-than expected earnings and revenue. Shares of AbbVie and Honeywell rose 13.8 percent and 1.9 percent, respectively, while Intel gained 10.6 percent. Rockwell advanced 1.7 percent. Overall, this earnings season have been strong thus far. Of the S&P 500 companies that have reported as of Friday morning, 80 percent have reported-better-than-expected earnings while 82 percent have surpassed sales estimates, according to data from Thomson Reuters I/B/E/S. "The beat rates and growth rates are as good as we have measured for these 133 companies in any earnings season over the past five years," said Nick Raich, CEO of The Earnings Scout, in a note. "Most importantly, 1Q 2018 EPS estimates are rising and that is the first time we have seen aggregate S&P 500 EPS estimates going higher in any earnings season in seven years." Wall Street also digested key U.S. economic data on Friday. The Commerce Department the U.S. economy grew by 2.6 percent during the fourth quarter of 2017. Economists polled by Reuters expected a gain of 3 percent. "These are disappointing numbers, no doubt, especially because 3% growth has become a sort of new normal," Mike Loewengart, vice president of investment strategy at E-Trade, said in a note. " Still, 2017 was one of the best economic runs in years. ... This economy is still chugging along, especially as businesses are projecting really positive outcomes thanks to tax reform." Meanwhile, U.S. durable goods orders rose 2.9 percent in December, according to the Commerce Department. Economists expected an increase of 0.8 percent. Elsewhere, the U.S. dollar traded 0.4 percent lower, adding to this week's losses. The greenback is down 1.5 percent for the week, following comments made by Treasury Secretary Steven Mnuchin. At the World Economic Forum in Davos, Switzerland on Wednesday, Mnuchin said he welcomed a weaker U.S. dollar, adding that it would benefit the country's trade. His remarks sent the currency to its lowest levels in three years. More»
Amwal Al Ghad English - 2018-01-25 06:41:09
Major indexes in Asia traded mostly lower on Thursday while the dollar remained on the back foot after tumbling in the last session. Japan's benchmark Nikkei 225 declined 1.14 percent, with most sectors — including automakers, technology, manufacturing and financials — trading in negative territory. Major exporters traded lower following the dollar's overnight fall against the yen. Fanuc Manufacturing shed 0.88 percent and Nintendo fell 1.73 percent. Oil-related stocks were a mixed picture after earlier outperforming as oil prices rose to their highest levels since December 2014. The Nikkei 225 had notched a fresh 26-year high earlier in the week. Over in South Korea, the Kospi rose 0.79 percent, with recent earnings reports in focus. Shares of SK Hynix rose 4.28 percent after the chipmaker announced Thursday that fourth-quarter operating profit came in at a record high of 4.47 trillion won ($4.42 billion). Annual operating profit for 2017, meanwhile, stood at a record 13.7 trillion won ($12.9 billion), which the company attributed to a rapid growth in overall memory demand. Meanwhile, Posco stock reversed early losses to rise 1.03 percent after the steelmaker reported earnings on Wednesday. Down Under, the S&P/ASX 200 edged down by 0.08 percent as gains in the materials sector were offset by losses in utilities and industrials. Gold producers were up 2.81 percent after the metal's prices rose to their highest levels in one and a half years on the softer dollar. The heavily-weighted financials sector traded lower for the most part. More»
Amwal Al Ghad English - 2018-01-25 06:37:55
Major European bourses look ready to begin Thursday's trade in the red. The Italian MIB is expected to lead the drop, and is set to open down 46 points at 23,593. The German DAX is seen 21 points lower at 13,423, while the U.K. FTSE is anticipated to fare similarly, 20 points down at 7,637. The French CAC's losses look likely to be the least painful, 9 points lower at 5,492. European markets are awaiting key economic updates Thursday. The European Central Bank is scheduled to render its latest monetary policy decision at 13:45 CET. Investors will also watch the subsequent press conference with ECB President Mario Draghi for clues on when the institution may end its bond-buying program. The closely watched German ifo Business Climate Index is also out Thursday. With regard to European corporate news, British drinks company Diageo is to release its interim results. French luxury group LVMH will also release its 2017 full year trading statement. Norwegian bank Nordea will publish its fourth quarter and full year earnings. U.K. Prime Minister Theresa May is expected to address the World Economic Forum's Annual Conference at Davos, Switzerland, Thursday afternoon. Global trade advocate Emmanuel Macron spoke at the event Wednesday, saying that "globalization is going through a major crisis," and that solutions are necessary if global trade is going to work for all. "France is back at the core of Europe," he added, making a nod to the country's rising profile on the international stage. Asian markets were trading in negative territory Thursday while the U.S. dollar nursed losses following Treasury Secretary Steven Mnuchin's comments that a weaker greenback was positive for the country. The U.S. is set for a slew of fourth-quarter financial results Thursday, with American Airlines, chip-maker Intel, and military hardware maker Raytheon among those reporting. More»