{"id":632674,"date":"2018-02-18T04:22:50","date_gmt":"2018-02-18T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/wall-street-finishes-best-week-in-years\/"},"modified":"2018-02-18T04:22:50","modified_gmt":"2018-02-18T04:22:50","slug":"wall-street-finishes-best-week-in-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/wall-street-finishes-best-week-in-years\/","title":{"rendered":"Wall Street finishes best week in years"},"content":{"rendered":"

So, is the correction over? <\/strong>The EGX30 gained 1.1% on Thursday and Wall Street on Friday \u201cfinished its best week in years as stocks staged a recovery from a tumultuous period that pushed major indexes into correction territory, a sign that bullish sentiment remained intact,\u201d the Wall Street Journal writes<\/a>. The S&P500 and the Dow Jones each climbed 4.3% last week, and the MSCI Emerging Markets Index is up 5% from its recent low. <\/strong>Commodities are also on the rebound.<\/p>\n

Throw in the central bank\u2019s 100 bps rate cut late on Thursday and we\u2019re relatively happy campers this morning. <\/strong>Relative being the key word, because we\u2019re a little less pleased with developments up the Nile at one of our key neighbors:<\/p>\n","protected":false},"excerpt":{"rendered":"

So, is the correction over? The EGX30 gained 1.1% on Thursday and Wall Street on Friday \u201cfinished its best week in years as stocks staged a recovery from a tumultuous period that pushed major indexes into correction territory, a sign that bullish sentiment remained intact,\u201d the Wall Street Journal writes. The S&P500 and the Dow […]<\/p>\n","protected":false},"author":1,"featured_media":632675,"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":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"8b8abd3f-e366-4050-be81-276df502d451","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/2\/1216.png","photo_position":"above","related_issue":[632672],"teaser":"","voice_url":""},"yoast_head":"\nWall Street finishes best week in years - 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\/2018\/02\/18\/wall-street-finishes-best-week-in-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street finishes best week in years\" \/>\n<meta property=\"og:description\" content=\"So, is the correction over? The EGX30 gained 1.1% on Thursday and Wall Street on Friday \u201cfinished its best week in years as stocks staged a recovery from a tumultuous period that pushed major indexes into correction territory, a sign that bullish sentiment remained intact,\u201d the Wall Street Journal writes. 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The president is leaning toward picking Federal Reserve Governor Jerome Powell, according to three people familiar with the matter. Other candidates\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649864,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/facing-down-the-bull-of-wall-street\/","url_meta":{"origin":632674,"position":1},"title":"Facing down the bull of Wall Street","author":"enterpriseam admin","date":"12 March 2017","format":false,"excerpt":"Our favorite thing of last week: State Street\u2019s statue of a young girl about the same age as our resident nine-year-old, staring down the famous bull of Wall Street. As part of its drive to see more women in c-suites and on corporate boards (among other gender equity issues), the\u2026","rel":"","context":"In "What We're Tracking Today"","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\/2017\/3\/660.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561860,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/25\/thursday-off-for-sinai-liberation-day-wall-street-hates-the-biden-tax-plan\/","url_meta":{"origin":632674,"position":2},"title":"Thursday off for Sinai Liberation Day; Wall Street hates the Biden tax plan","author":"enterpriseam admin","date":"25 April 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to what we hope will be a nice, light workday for all of you. It was meant to be a holiday, so your calendars should all be reasonably clear, right? Also: It\u2019s day 13 of Ramadan, so for those of us observing, we\u2019re nearly\u2026","rel":"","context":"In "What We're Tracking Today"","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":632390,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/what-were-tracking-on-10-february-2018\/","url_meta":{"origin":632674,"position":3},"title":"What we\u2019re tracking on 10 February 2018","author":"enterpriseam admin","date":"11 February 2018","format":false,"excerpt":"It\u2019s an exceptionally packed issue this morning, folks, as a heavy news day on Thursday gave birth to a very busy weekend at home and abroad. Look for worthy news straight all the way down to What We\u2019re Tracking Today. Finance Ministry delegation headed by Minister Amr El Garhy is\u2026","rel":"","context":"In "What We're Tracking Today"","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\/2018\/2\/1230.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650594,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/28\/fearless-girl-gets-to-stay-on-wall-street-and-the-sculptor-of-the-bull-is-not-happy-at-all\/","url_meta":{"origin":632674,"position":4},"title":"\u201cFearless Girl\u201d gets to stay on Wall Street, and the sculptor of the Bull is not happy at all","author":"enterpriseam admin","date":"28 March 2017","format":false,"excerpt":"\u201cFearless Girl\u201d gets to stay on Wall Street, and the sculptor of the Bull is not happy at all. The statue, commissioned by fund manager State Street Global Advisors (press release) as part of its campaign to get more women on corporate boards and unveiled on International Women\u2019s Day, was\u2026","rel":"","context":"In "What We're Tracking Today"","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\/2017\/3\/1169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/what-were-tracking-on-21-november-2018-are-markets-melting-down\/","url_meta":{"origin":632674,"position":5},"title":"What we\u2019re tracking on 21 November 2018: Are markets melting down?","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"It\u2019s a grim morning out there, ladies and gentlemen, as we head back to the trenches after a beautiful midweek holiday. 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