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Wall Street banks ride out earnings season on trading revenue amid volatility
Wall Street banks ride market volatility to post better-than-expected 1Q earnings: Bank of America was the latest US lender to…
Capital markets
AMOC’s bottom line rose 638% y-o-y + Al Baraka Bank Egypt will issue bonus shares worth EGP 2.12 bn
MARKET NEWS- Alexandria Mineral Oils Company’s (AMOC) bottom line rose 638% y-o-y to EGP 761.98 mn in the first nine…
S&P 500 companies to post slower growth this earnings season + Privately traded tech firms see prices plummet
The crystal balls continue to predict a rocky earnings season ahead: The crisis in Ukraine and rising inflation is forecast…
Market roundup on 17 April 2022
The EGX30 rose 0.3% at today’s close on turnover of EGP 645 mn (32% below the 90-day average). Regional investors…
Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt
Standard Chartered plans major exit in MEA markets — but still wants to enter Egypt: Standard Chartered is completely shutting…
SFE sub-funds for state-owned stake sales?
The Sovereign Fund of Egypt (SFE) could launch a sub-fund responsible for managing the sale of state-owned companies on the…
Market roundup on 14 April 2022
The EGX30 fell 1.6% at today’s close on turnover of EGP 996 mn (4.6% above the 90-day average). Regional investors…
IEA says global oil demand set to slump + JPMorgan kicks off a turbulent earnings season
IEA cuts forecast for global oil demand — again: The International Energy Agency (IEA) has revised downwards its oil demand…
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