{"id":561343,"date":"2021-04-04T04:00:32","date_gmt":"2021-04-04T04:00:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/"},"modified":"2021-04-04T04:00:32","modified_gmt":"2021-04-04T04:00:32","slug":"what-the-markets-are-doing-on-4-april-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/","title":{"rendered":"What the markets are doing on 4 April 2021"},"content":{"rendered":"

<\/a> OPEC+ will gradually increase oil production by up to 1.1 mn bbl per day from <\/strong>May-July<\/strong>, the coalition announced<\/a> after its monthly meeting last Thursday, going against expectations that it would maintain around 7 mn bdp of production cuts introduced a year ago to temper the effect of a covid-19 induced slump in demand on oil prices. The coalition based its decision on \u201cimprovements in the market supported by global vaccination programmes and stimulus packages in key economies,\u201d the statement said. Each monthly adjustment of output will not exceed 500k barrels, with 350,000 bpd increase expected in May, followed by another 350,000 bpd in June, and 400,000 bpd in July, according to its production adjustments table (pdf)<\/a>. Oil prices climbed<\/a> off the back of the announcement, with Brent rising 3.4% and US crude up 3.9% on Thursday.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

10,565<\/p>\n<\/td>\n

\n

-% (YTD: -2.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.65<\/p>\n<\/td>\n

\n

Sell 15.75<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

9,895<\/p>\n<\/td>\n

\n

-0.1% (YTD: +13.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

5,941<\/p>\n<\/td>\n

\n

+0.5% (YTD: +17.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

2,557<\/p>\n<\/td>\n

\n

+0.3% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,019<\/p>\n<\/td>\n

\n

+1.2% (YTD: +7.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

6,737<\/p>\n<\/td>\n

\n

+0.4% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 64.86<\/p>\n<\/td>\n

\n

+3.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.64<\/p>\n<\/td>\n

\n

+1.2%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,728.40<\/p>\n<\/td>\n

\n

+0.8%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 57,716<\/p>\n<\/td>\n

\n

-1.9% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The EGX30 ended Thursday\u2019s session flat <\/strong>on turnover of EGP 1 bn (30.8% below the 90-day average). Local investors were net buyers. The index is down 2.6% YTD.<\/p>\n

In the green: <\/strong>Heliopolis Housing (+7.7%), Cleopatra Hospital (+4.1%) and Orascom Financial (+3.2%).<\/p>\n

In the red: <\/strong>Abu Qir Fertilizers (-2.1%), CI Capital (-1.5%) and CIB (-1.0%).<\/p>\n","protected":false},"excerpt":{"rendered":"

OPEC+ will gradually increase oil production by up to 1.1 mn bbl per day from May-July, the coalition announced after its monthly meeting last Thursday, going against expectations that it would maintain around 7 mn bdp of production cuts introduced a year ago to temper the effect of a covid-19 induced slump in demand on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[93,72,119,91,128,122],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561343","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-energy","tag-enterpriseam","tag-financial-markets","tag-oil-and-gas","tag-opec","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"734e943c-8f61-4cb2-8b26-72e25d6a6747","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561320],"teaser":"","voice_url":""},"yoast_head":"\nWhat the markets are doing on 4 April 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the markets are doing on 4 April 2021\" \/>\n<meta property=\"og:description\" content=\"OPEC+ will gradually increase oil production by up to 1.1 mn bbl per day from May-July, the coalition announced after its monthly meeting last Thursday, going against expectations that it would maintain around 7 mn bdp of production cuts introduced a year ago to temper the effect of a covid-19 induced slump in demand on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-04T04:00:32+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 4 April 2021\",\"datePublished\":\"2021-04-04T04:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\"},\"wordCount\":231,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"Financial Markets\",\"oil and gas\",\"OPEC\",\"Planet Finance\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/what-the-markets-are-doing-on-4-april-2021\/\",\"name\":\"What the markets are doing on 4 April 2021 - 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OPEC and other major producers said in a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/6\/1596.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628273,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/ksa-to-ramp-up-production-to-a-record-10-8-mn-bpd\/","url_meta":{"origin":561343,"position":1},"title":"KSA to ramp up production to a record 10.8 mn bpd","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"Saudi Arabia reportedly plans to pump a record 10.8 mn barrels of crude a day starting July under a pact with OPEC that should see global oil output rise by 1 mn bpd for the second half of the year, unnamed sources tell Bloomberg. Energy Minister Khalid Al Falih said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547286,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/oil-prices-could-go-down-in-2023-says-opec\/","url_meta":{"origin":561343,"position":2},"title":"Oil prices could go down in 2023, says Opec","author":"enterpriseam admin","date":"15 June 2022","format":false,"excerpt":"OPEC expects oil demand growth to fall to 2 mn barrels per day (bpd) or less in 2023, compared to an expected growth of 3.36 mn bpd in 2022, Reuters reports, citing sources in the know. Oil prices have hit record highs, pushing up inflation \u2014 but these high prices\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549078,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/opec-cuts-oil-supply-forecast-for-this-year-and-the-next\/","url_meta":{"origin":561343,"position":3},"title":"OPEC+ cuts oil supply forecast for this year and the next","author":"enterpriseam admin","date":"1 September 2022","format":false,"excerpt":"Oil prices fell for a third consecutive month in August as the combination of global monetary tightening to check rampant inflation and China\u2019s ongoing zero-covid strategy put the brakes on demand, Bloomberg reports. The three-month slump in prices is the longest since the pandemic-era and breaks a months-long bull run\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628085,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/finance-ministry-committee-to-begin-reviewing-fuel-hedging-offers-in-july\/","url_meta":{"origin":561343,"position":4},"title":"Finance Ministry committee to begin reviewing fuel hedging offers in July","author":"enterpriseam admin","date":"25 June 2018","format":false,"excerpt":"FinMin committee to begin reviewing fuel hedging offers in July: A Finance Ministry committee tasked with studying offers for mechanisms of hedging against fuel price hikes will reportedly convene for the first time in early July to begin its review, a government source tells Al Shorouk. We reported earlier this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547028,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/markets-shrug-after-opec-ups-oil-supply-increases-the-us-turns-to-foes-for-oil\/","url_meta":{"origin":561343,"position":5},"title":"Markets shrug after OPEC ups oil supply increases + the US turns to foes for oil","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"Oil producers to temporarily up supply: OPEC+ has agreed to boost oil production in July and August by 650k barrels a day from the current 400k bpd, the alliance of oil producers announced in a statement following its Thursday meeting, bringing forward an increase it had initially scheduled for September.\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=561343"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561343\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561320"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561343"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561343"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}