{"id":567791,"date":"2020-12-07T03:49:25","date_gmt":"2020-12-07T03:49:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/what-the-markets-are-doing-on-7-december-2020\/"},"modified":"2020-12-07T03:49:25","modified_gmt":"2020-12-07T03:49:25","slug":"what-the-markets-are-doing-on-7-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/what-the-markets-are-doing-on-7-december-2020\/","title":{"rendered":"What the markets are doing on 7 December 2020"},"content":{"rendered":"

<\/a> The EGX30 rose 0.1% yesterday<\/strong> on turnover of EGP 1.6 bn (18.5% above the 90-day average). Domestic investors were net sellers. The index is down 21.0% YTD.<\/p>\n

In the green: <\/strong>Dice (+6.2%), Orascom Investment Holding (+4.5%) and Beltone Financial Holding (+4.1%).<\/p>\n

In the red: <\/strong>Sodic (-2.3%), Juhayna (-2.3%) and Edita (-2.2%).<\/p>\n

Asian markets opened in the red this morning<\/strong> and futures suggest Wall Street and European markets will all follow suit later today.<\/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

11,024<\/p>\n<\/td>\n

\n

+0.1% (YTD: -21.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 15.62<\/p>\n<\/td>\n

\n

Sell 15.72<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 15.62<\/p>\n<\/td>\n

\n

Sell 15.72<\/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

8,582<\/p>\n<\/td>\n

\n

-1.1% (YTD: +2.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

5,033<\/p>\n<\/td>\n

\n

+1.4% (YTD: -0.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

2,482<\/p>\n<\/td>\n

\n

+2.6% (YTD: -10.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

3,699<\/p>\n<\/td>\n

\n

+0.9% (YTD: +14.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

6,550<\/p>\n<\/td>\n

\n

+0.9% (YTD: -13.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 48.99<\/p>\n<\/td>\n

\n

-0.5%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 2.47<\/p>\n<\/td>\n

\n

-4.2%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 1,841.70<\/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 19,321.57<\/p>\n<\/td>\n

\n

+0.3%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

US oil producers have signalled intent to join European companies in reducing <\/strong>emissions<\/strong> as investors place pressure on firms to act on climate change, reports the Financial Times<\/a>. Meanwhile, Iran is preparing to up its oil exports<\/strong> after Biden takes office, banking on a possible easing of US sanctions under the new administration, Iranian state media said, according to Reuters<\/a>.<\/p>\n

A new USD 908 bn fiscal stimulus package could make its way to the US Senate<\/strong> as early as today<\/strong>, the Financial Times<\/a> reports. The bill would allocate bns for small businesses, unemployment benefits, local government, and aid to struggling industries such as airlines.<\/p>\n

The European Central Bank is likely to end 2020 with another burst of stimulus<\/strong> when it meets on Thursday, according to Bloomberg<\/a>. The ECB kept its interest rate and monetary policy stance unchanged in its most recent meeting in October, but signaled<\/a> that further accommodative policy action could come this month as eurozone economies suffered another hit by the return to lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 rose 0.1% yesterday on turnover of EGP 1.6 bn (18.5% above the 90-day average). Domestic investors were net sellers. The index is down 21.0% YTD. In the green: Dice (+6.2%), Orascom Investment Holding (+4.5%) and Beltone Financial Holding (+4.1%). In the red: Sodic (-2.3%), Juhayna (-2.3%) and Edita (-2.2%). Asian markets opened in […]<\/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":[147,107,93,72,725,119,91,122],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567791","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-climate-change","tag-covid-19","tag-energy","tag-enterpriseam","tag-european-central-bank","tag-financial-markets","tag-oil-and-gas","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"e8af27c2-e42d-41f3-ac05-b46dad69e4b1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567763],"teaser":"","voice_url":""},"yoast_head":"\nWhat the markets are doing on 7 December 2020 - 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\/2020\/12\/07\/what-the-markets-are-doing-on-7-december-2020\/\" \/>\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 7 December 2020\" \/>\n<meta property=\"og:description\" content=\"The EGX30 rose 0.1% yesterday on turnover of EGP 1.6 bn (18.5% above the 90-day average). 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The country\u2019s manufacturing purchasing managers\u2019 index (PMI) dropped to 49.2 in April \u2014 below the 50.0 mark that separates growth from contraction\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\/wp-content\/uploads\/2023\/05\/China-factory-automotive-1920px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556387,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/french-parcel-company-takes-20-of-aramex\/","url_meta":{"origin":567791,"position":5},"title":"French parcel company takes 20% of Aramex","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"French express parcel player acquires 20% of Aramex: Geopost, the express parcel arm of France\u2019s Groupe La Poste, acquired 20.2% of Dubai-listed Aramex for USD 381.2 mn, according to Reuters. The French company purchased a total of 295 mn shares in Aramex. EGX30 11,132 -0.6% (YTD: +2.6%) USD (CBE) Buy\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\/567791","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=567791"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567791\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567763"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567791"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567791"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}