{"id":603499,"date":"2019-04-24T04:00:19","date_gmt":"2019-04-24T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/what-were-tracking-on-24-april-2019\/"},"modified":"2019-04-24T04:00:19","modified_gmt":"2019-04-24T04:00:19","slug":"what-were-tracking-on-24-april-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/what-were-tracking-on-24-april-2019\/","title":{"rendered":"What we\u2019re tracking on 24 April 2019"},"content":{"rendered":"<p><b>Almost 90% of voters backed the constitutional amendments in this week\u2019s three-day referendum<\/b>, the head of the National Elections Authority announced yesterday. Just over 44% of some 61 mn eligible voters turned out. We have more in this morning\u2019s Speed Round + Last Night\u2019s Talk Shows.<\/p>\n<p>It\u2019s the second and final day for the <b>Arab Federation of Exchanges<\/b>\u2019 two-day annual conference and the second and final day of the <b>SME governance workshop<\/b> hosted by the Egyptian Private Equity Association and the IFC.<\/p>\n<p><b>President Abdel Fattah El Sisi is heading to Beijing<\/b> for China\u2019s <a href=\"http:\/\/www.beltandroad2019.com\/english\/\">Belt and Road Forum<\/a>, which begins tomorrow and ends on Saturday. El Sisi is scheduled to meet <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1389790\">Chinese President Xi Jinping<\/a> and <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1391444\">Russian President Vladimir Putin<\/a> during the summit, which will be attended by 40 heads of state.<\/p>\n<hr class=\"grey-line\">\n<p><b>The Nasdaq and S&P 500 closed at record highs yesterday<\/b>, with the usual readers of tea leaves suggesting this reflects optimism about an \u201cimproving global economy\u201d (just a few weeks after the media was trumpeting the IMF\u2019s warnings to the contrary) and signs that the much-ballyhooed 1Q2019 earnings apocalypse \u201cmay not come to pass.\u201d The news is getting plenty of ink at the <a href=\"https:\/\/www.wsj.com\/articles\/global-stocks-weaken-as-oil-prices-climb-11556006653\">Wall Street Journal<\/a>, <a href=\"https:\/\/www.ft.com\/content\/2e473290-5d48-11e9-939a-341f5ada9d40\">Financial Times<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks\/sp-nasdaq-notch-record-closing-highs-on-strong-earnings-idUSKCN1RZ16K\">Reuters<\/a>.<\/p>\n<p><b>The passive revolution is reaching critical mass in debt markets, too. <\/b>\u201cThe amount of assets held in exchange-traded bond funds has pushed past USD 1 tn, capping a near fivefold increase since the financial crisis, and underscoring a radical reshaping of the world\u2019s debt markets.\u201d Equity ETFs \u201ccontinue to dominate the USD 5.6 tn assets industry,\u201d <a href=\"https:\/\/www.ft.com\/content\/87e8bd60-6481-11e9-9adc-98bf1d35a056\">Financial Times<\/a> adds, but the rise in fixed-income ETFs suggest investors have \u201cbecome increasingly comfortable using such vehicles as tools for trading, and to build up broad bond portfolios.\u201d <b>You can look at the <\/b><a href=\"https:\/\/www.ft.com\/content\/db773d0a-cc95-11e8-9fe5-24ad351828ab\"><b>origins of the bond ETF revolution here<\/b><\/a> in the salmon-coloured paper in a piece penned by former Mideast correspondent Robin Wigglesworth.<\/p>\n<p><b>Early retirement might not be all it\u2019s cracked up to be<\/b>, <a href=\"https:\/\/www.wsj.com\/articles\/the-case-against-early-retirement-11555899000?mod=trending_now_4\">according to a Debbie Downer of a Wall Street Journal piece<\/a>. Research suggests that health problems intensify after early retirement and abate after policies encouraging work are introduced. Lack of physical activity, social isolation, and financial insecurity are just some of the possible characteristics of early retirement that can wreak havoc on a person\u2019s health. Read this alongside the NYT\u2019s piece on the need to <a href=\"https:\/\/www.nytimes.com\/2018\/12\/30\/business\/retirement\/why-the-world-needs-to-rethink-retirement.html\">rethink retirement<\/a>, which notes that in a world in which folks are living longer, \u201cA 30-to-40-year retirement is very different than a 10- or 20-year retirement.\u201d<\/p>\n<p><b>Also: <\/b><a href=\"https:\/\/www.nytimes.com\/2019\/04\/21\/smarter-living\/why-find-your-passion-is-such-terrible-advice.html\"><b>Why \u201cfinding your passion\u201d is such terrible advice<\/b><\/a>, wherein the New York Times pours cold water on a generation of guidance counsellors and self-help gurus with its very sensible caution that just like toddlers learning how to walk, we need to accept the \u201chard truth \u2026 that we\u2019re pretty bad at most things when we first try them.\u201d<\/p>\n<p>Randomly noted: <b>It\u2019s grandparents vs. parents in the battle over how much screen time the kiddies should get<\/b>, courtesy the <a href=\"https:\/\/www.wsj.com\/articles\/its-grandparents-v-parents-in-the-battle-over-kids-screens-11556011800\">Wall Street Journal<\/a>.<\/p>\n<p><b>The Darwin Awards: <\/b>More than 250 people died between 2011 and 2017 while stepping in front of the camera for a selfie. <a href=\"https:\/\/www.outsideonline.com\/2393419\/selfie-deaths\">Outside magazine has an oddly engrossing take<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <b>*** Enterprise is taking a few days off. <\/b>We hope you are, too. We\u2019ll be back in your inbox at the usual hour on Thursday, 2 May.<\/p>\n<p><b>The EGX and banks are closed<\/b><b> tomorrow through Monday<\/b> (25-29 April) in observance of Sinai Liberation Day, Coptic Easter and Sham El Nessim. Markets will then close again on Wednesday, 1 May, in observance of Labour Day.<\/p>\n<p><b>A very Happy Easter to all those who are celebrating. <\/b>And forgive us, mothers-in-law everywhere, for we shall not partake of fiseekh or ringa the next day.<\/p>\n<p><b>Look for the EGX and banks to move to shortened Ramadan hours <\/b>on or about Monday, 6 May, which the National Astronomy Institute suggests will be the first day of the Holy Month.<\/p>\n<p><b>We\u2019ll have pleasantly hot weather over the break<\/b>, with the mercury set to rise from 30\u00b0C today to 36\u00b0C on Easter Sunday before settling in to a range of 32-34\u00b0C through the first week of Ramadan. Feels like the start of summer to us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost 90% of voters backed the constitutional amendments in this week\u2019s three-day referendum, the head of the National Elections Authority announced yesterday. Just over 44% of some 61 mn eligible voters turned out. We have more in this morning\u2019s Speed Round + Last Night\u2019s Talk Shows. It\u2019s the second and final day for the Arab [&hellip;]<\/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":[7204],"tags":[707,147,1815,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603499","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-blockchain","tag-climate-change","tag-daesh","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"b4465b98-55dc-415b-8a54-b68ba3bcdd16","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[603497],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What we\u2019re tracking on 24 April 2019 - 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\/2019\/04\/24\/what-were-tracking-on-24-april-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 24 April 2019\" \/>\n<meta property=\"og:description\" content=\"Almost 90% of voters backed the constitutional amendments in this week\u2019s three-day referendum, the head of the National Elections Authority announced yesterday. 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The end of Sahel season as we know it means the promise of slightly better weather to brave the uptick in traffic from the new school year. Across the pond, your colleagues in North America are ringing in the new\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567808,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/what-were-tracking-on-8-december-2020\/","url_meta":{"origin":603499,"position":1},"title":"What we\u2019re tracking on 8 December 2020","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"IT\u2019S A BIG DAY FOR- Every single one of us, really, as the United Kingdom is set to become the first major country to begin the public rollout of a vaccine for covid-19. A top UK health official called the start of the vaccination drive today a \u201cdecisive turning point\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567872,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/around-the-world-on-9-december-2020\/","url_meta":{"origin":603499,"position":2},"title":"Around the world on 9 December 2020","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"The big story of the morning globally is the rollout of a covid-19 vaccine in the UK, as we note in What We\u2019re Tracking Today, above. Otherwise, UK Prime Minister Boris Johnson is in Brussels today for a final push on a possible Brexit agreement with the EU, the US\u2026","rel":"","context":"In &quot;AROUND THE WORLD&quot;","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594080,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/what-were-tracking-on-20-october-2019\/","url_meta":{"origin":603499,"position":3},"title":"What we\u2019re tracking on 20 October 2019","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"It\u2019s the final day of the IMF and World Bank annual meetings. Egyptian officials in Washington, DC, for the gathering had another busy few days over the weekend meeting with officials and members of the business community \u2014 and the world\u2019s central bankers have promised to use \u201call appropriate policy\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596296,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/what-were-tracking-on-25-august-2019\/","url_meta":{"origin":603499,"position":4},"title":"What we\u2019re tracking on 25 August 2019","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"Happy Sunday, ladies and gents: With the Eid break well and truly behind us, we\u2019re anticipating the news cycle to finally start picking back up. The CBE\u2019s aggressive 150 bps rate cut on Thursday was understandably the talk of Egypt\u2019s econo-sphere over the weekend (more on this in this morning\u2019s\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567723,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/what-were-tracking-on-6-december-2020\/","url_meta":{"origin":603499,"position":5},"title":"What we\u2019re tracking on 6 December 2020","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Good morning, nice people, and welcome to another workweek. We have a packed issue this morning, so let\u2019s get right to it. It remains all covid, all the time on the world\u2019s front pages as covid sweeps the United States and Europe and Pfizer says it is cutting by 50%\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"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\/603499","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=603499"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603499\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603499"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603499"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}