Crypto soars after court rules against SEC: BTC jumped more than 7% yesterday after a US court ruled against the Securities and Exchange Commission, which sought to block crypto asset manager Grayscale from setting up the first-ever BTC exchange-traded fund. The Financial Times, CNBC and the Wall Street Journal have more.

ALSO- KSA foreign assets fall to lowest level since 2009: Saudi Arabia’s net foreign assets hit a 14-year low in July, dropping by over USD 16 bn to USD 407 bn, as the kingdom stepped up investments via the Public Investment Fund, Bloomberg reports.

EGX30

18,629

+0.2% (YTD: +27.6%)

USD (CBE)

Buy 30.83

Sell 30.96

USD at CIB

Buy 30.85

Sell 30.95

Interest rates CBE

19.25% deposit

20.25% lending

Tadawul

11,443

-0.2% (YTD: +9.2%)

ADX

9,762

+0.1% (YTD: -4.4%)

DFM

4,085

-0.4% (YTD: +22.4%)

S&P 500

4,498

+1.5% (YTD: +17.1%)

FTSE 100

7,465

+1.7% (YTD: +0.2%)

Euro Stoxx 50

4,326

+0.8% (YTD: +14.1%)

Brent crude

USD 85.57

+1.4%

Natural gas (Nymex)

USD 2.56

-0.9%

Gold

USD 1,937.60

+0.9%

BTC

USD 27,633

+6.4% (YTD: +68.5%)

THE CLOSING BELL-

The EGX30 rose 0.2% at yesterday’s close on turnover of EGP 2.7 bn (31.1% above the 90-day average). Local investors were net sellers. The index is up 27.6% YTD.

In the green: Elsewedy Electric (+6.9%), Qalaa Holding (+6.4%) and GB Corp (+3.7%).

In the red: Edita (-2.2%), ADIB (-2.0%) and Sidpec (-1.6%).

Asian markets are all in the green this morning, joining yesterday’s rally in Europe and the United States. Futures suggest stocks will open comfortably in the green in London, Frankfurt, Paris, Athens, New York, and Toronto when exchanges open later today.

Tags: