{"id":568036,"date":"2020-12-15T04:09:29","date_gmt":"2020-12-15T04:09:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/what-the-markets-are-doing-on-15-december-2020\/"},"modified":"2020-12-15T04:09:29","modified_gmt":"2020-12-15T04:09:29","slug":"what-the-markets-are-doing-on-15-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/what-the-markets-are-doing-on-15-december-2020\/","title":{"rendered":"What the markets are doing on 15 December 2020"},"content":{"rendered":"

<\/a> The EGX30 rose 0.4% yesterday<\/strong> on turnover of EGP 1.6 bn. Foreign investors were net sellers. The index is down 20.9% YTD.<\/p>\n

In the green: <\/strong>Ibnsina Pharma (+6.0%), Ezz Steel (+5.9%) and Eastern Company (+0.9%).<\/p>\n

In the red: <\/strong>Dice (-6.8%), Cleopatra Hospital (-2.9%) and Oriental Weavers (-2.4%).<\/p>\n

Asian markets are all in the red this morning <\/strong>and we\u2019re looking at a mixed open in both Europe and North America later today, futures suggest.<\/p>\n

The pan-European Stoxx 600 gained<\/strong> 0.6% yesterday <\/strong>after trimming early gains on news of an extension<\/a> of talks between the UK and the European Union to hammer out a post-Brexit, according to Reuters<\/a>.<\/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

11,048<\/p>\n<\/td>\n

\n

+0.4% (YTD: -20.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 15.67<\/p>\n<\/td>\n

\n

Sell 15.77<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 15.68<\/p>\n<\/td>\n

\n

Sell 15.78<\/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

8,660<\/p>\n<\/td>\n

\n

+0.2% (YTD: +3.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

5,154<\/p>\n<\/td>\n

\n

+0.3% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

2,555<\/p>\n<\/td>\n

\n

+0.3% (YTD: -7.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

3,648<\/p>\n<\/td>\n

\n

-0.4% (YTD: +12.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

6,532<\/p>\n<\/td>\n

\n

-0.2% (YTD: -13.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 50.09<\/p>\n<\/td>\n

\n

-0.4%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 2.67<\/p>\n<\/td>\n

\n

-0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 1,831.50<\/p>\n<\/td>\n

\n

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

\n

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

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

\n

USD 19,395.12<\/p>\n<\/td>\n

\n

+1.7%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Optimism about covid-19 vaccines could spark a recovery in the <\/strong>UAE\u2019s key tourism sector in 2021<\/strong> after business activity in Dubai shrank for a second consecutive month this November, Bloomberg<\/a> reports. Abu Dhabi plans to reopen for tourists<\/a> starting January and will allow visitors from a list of countries deemed safe; the list will be reviewed every two weeks. Meanwhile, Dubai expects travellers to and from the UK toincrease by a third<\/a> in December after the UAE was placed on the UK\u2019s travel corridor list last month.<\/p>\n

The man who denounced the 2020 SPAC craze as \u201creprehensible\u201d has made a <\/strong>cool USD 200 mn from a blank-check company \u2014 apparently completely by accident. <\/strong>Big-time investor and environmental philanthropist Jeremy Grantham\u2019s investment in QuantumScape paid off when the battery-maker was taken public by a SPAC earlier this month. \u201cThis is unlike anything else in my career. This was by accident the single biggest investment I have ever made,\u201d he told the Financial Times<\/a>, describing blank-check firms as \u201creprehensible\u201d instruments and \u201cvery speculative by definition.\u201d Check out our explainer on SPACS<\/strong> here<\/a>.<\/p>\n

Also worth knowing this morning:<\/strong><\/p>\n