{"id":561484,"date":"2021-04-08T03:49:47","date_gmt":"2021-04-08T03:49:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/what-the-markets-are-doing-on-8-april-2021\/"},"modified":"2021-04-08T03:49:47","modified_gmt":"2021-04-08T03:49:47","slug":"what-the-markets-are-doing-on-8-april-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/what-the-markets-are-doing-on-8-april-2021\/","title":{"rendered":"What the markets are doing on 8 April 2021"},"content":{"rendered":"

<\/a> The British company that owns the biotechnology behind the Oxford \/ <\/strong>AstraZeneca jab is going public \u2014 in the US.<\/strong> Oxford-based Vaccitech is reportedly filing for an IPO on the Nasdaq and could price the sale as early as this month, the Financial Times<\/a> reports, citing unnamed sources with direct knowledge of the transaction. The plans to take the IPO across the pond is seen as a \u201closs\u201d for the UK\u2019s aspirations to become a hub for post-Brexit investments in life sciences.<\/p>\n

Crowdfunding platform <\/strong>Patreon<\/a><\/strong> has tripled its valuation to USD 4 bn in a USD 155 <\/strong>mn funding round<\/strong> led by US tech hedge fund Tiger Global, reflecting the increased focus of VCs on startups that cater to content creators, it said in a blog post<\/a>. Patreon, which wrapped last year a USD 90 mn funding round<\/a> that reportedly<\/a> valued the company at USD 1.2 bn, would use the new financing to provide new tools for creators, underpin potential acquisitions and expand its international presence.<\/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

10,228<\/p>\n<\/td>\n

\n

-0.4% (YTD: -5.7%)<\/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

10,014<\/p>\n<\/td>\n

\n

+0.3% (YTD: +15.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

6,033<\/p>\n<\/td>\n

\n

-0.8% (YTD: +19.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

2,559<\/p>\n<\/td>\n

\n

-0.6% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

4,079<\/p>\n<\/td>\n

\n

+0.2% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

6,885<\/p>\n<\/td>\n

\n

+0.9% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 63.09<\/p>\n<\/td>\n

\n

+0.6%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 2.52<\/p>\n<\/td>\n

\n

+2.6%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 1,741.60<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 56,315<\/p>\n<\/td>\n

\n

-2.7% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The EGX30 fell 0.4% yesterday<\/strong> on turnover of EGP 1.0 bn (28.9% above the 90-day average). Local investors were net sellers. The index is down 5.7% YTD.<\/p>\n

In the green: <\/strong>CI Capital (+3.1%), AMOC (+2.5%) and Telecom Egypt (+0.8%).<\/p>\n

In the red: <\/strong>Edita (-3.7%), SODIC (-2.6%) and GB Auto (-2.2%).<\/p>\n

Asian markets are flat in early trading this morning<\/strong> and futures suggest US and European markets will open in the green later today.<\/p>\n","protected":false},"excerpt":{"rendered":"

The British company that owns the biotechnology behind the Oxford \/ AstraZeneca jab is going public \u2014 in the US. Oxford-based Vaccitech is reportedly filing for an IPO on the Nasdaq and could price the sale as early as this month, the Financial Times reports, citing unnamed sources with direct knowledge of the transaction. The […]<\/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":[72,119,78,3897,122,123,3898,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561484","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-enterpriseam","tag-financial-markets","tag-ipo-watch","tag-patreon","tag-planet-finance","tag-startups","tag-vaccitech","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"f1c3e66b-1a41-423e-ae03-c4875c5fa913","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561463],"teaser":"","voice_url":""},"yoast_head":"\nWhat the markets are doing on 8 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\/08\/what-the-markets-are-doing-on-8-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 8 April 2021\" \/>\n<meta property=\"og:description\" content=\"The British company that owns the biotechnology behind the Oxford \/ AstraZeneca jab is going public \u2014 in the US. 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