{"id":663440,"date":"2025-04-09T00:00:00","date_gmt":"2025-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/"},"modified":"2025-04-09T00:00:00","modified_gmt":"2025-04-09T00:00:00","slug":"wall-street-stocks-slide-as-mena-indexes-rise","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/","title":{"rendered":"Wall Street stocks slide as MENA indexes rise"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morni<\/strong><strong>ng, friends. The EGP strengthened a bit against the greenback yesterday<\/strong>, snapping a multiday losing streak after policymakers made clear Egypt was not backing away from a floating FX regime. The currency gained slightly against the USD as a handful of foreign investors bought back into the carry trade after seeing others exit smoothly earlier in the week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also yesterday: <\/strong>A top Egyptian trade official said Egypt has a chance of locking in preferential tariff rates on some categories of goods and Finance Minister Ahmed Kouchouk was on the ground here in Dubai at the EFG Hermes One on One, showing the flag as he met all day long with foreign investors. He did so a day after CBE Deputy Governor Ramy Aboul Naga told hundreds of investors at the opening of the gathering that the central bank was absolutely committed to a floating FX regime, calling it a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b04c7948-4ceb-4edb-84e3-5c6c9f2fe953\/a-flexible-fx-regime-is-key-as-egypt-faces-trump-turmoil,-aboul-naga-tells-investors-in-dubai\" style=\"\" rel=\"noopener\">\u201cshock absorber\u201d for the economy<\/a> that has been carefully ringfenced by policymakers to ensure there was no going back in a storm like this.<\/p>\n<p class=\"tag-border-left\">EGX WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>The EGX30 also gained ground yesterday, clawing back fractionally more than the 0.6% it <\/strong><strong>lost the day before<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/en\/Indices.aspx\" style=\"\" rel=\"noopener\">EGX data<\/a>. Most other regional exchanges also posted gains yesterday. Index heavyweight CIB was up a bit more than 1% for the day, Telecom Egypt shares climbed a bit more than 0.6%, and Edita was up 0.3%. The EGX30 is now up 3.1% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf markets closed higher across the board,<\/strong> rebounding from the previous session\u2019s losses as investors hoped the US may come to the table on tariffs, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gulf-bourses-rebound-line-with-global-shares-2025-04-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Saudi Arabia\u2019s benchmark TASI rose 1.0%, building on Monday\u2019s recovery after a 6.8% plunge on Sunday \u2014 its steepest one-day loss since early 2020. Dubai\u2019s DFM gained 1.9%, boosted by Emaar Properties (+1.3%) and Dubai Islamic Bank (+2.2%), while Abu Dhabi\u2019s ADX closed 0.5% in the green. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian and European markets were largely up yesterday<\/strong>, but turmoil was the order of the day for the S&P, the Dow, and the Nasdaq. All three closed in the red, dragged down by <strong>Trump making good on his th<\/strong><strong>reat of a 104% tariff on Chinese goods<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tariff, which reaches up to 120% for some goods, saw the S&P 500 close down 1.6% <\/strong><strong>for the day <\/strong>\u2014 dangerously close to the 20% mark defining a bear market. Traders had sent the index soaring 4% earlier in the day after reports that the US was looking to hold trade talks with South Korea and Japan. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/81cbdcdf-aafa-411e-8458-4af2b2b186d0\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-trump-tariffs-trade-war-04-08-25?mod=WSJ_home_mediumtopper_pos_1\" style=\"\" rel=\"noopener\">WSJ<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Oil price hit a fresh four-year low after news of the China tariff hit<\/strong>, with Brent crude futures dropping to USD 62.82 a barrel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-climb-1-after-heavy-us-tariff-driven-selloff-2025-04-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. We have more on the escalating trade war \u2014 and the potential response from China \u2014 in Planet Finance, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Egypt\u2019s sovereign sukuk prices have fallen to their lowest level in 11 months<\/strong>, reaching USD 101.24 on 4 April, down from USD 101.73 only a week prior, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/368.pdf\" style=\"\" rel=\"noopener\">r<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/368.pdf\" style=\"\" rel=\"noopener\">eport (pdf)<\/a> from the Finance Ministry\u2019s Egyptian Financial Company for Sovereign Taskeek. The report attributes the fall to the debt market continuing to bear the brunt of US President Donald Trump\u2019s recent tariff measures and their subsequent effects on investor sentiment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Finance Ministry closed its maiden sukuk issuance back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6152c0e0-66bd-48d5-b73f-1de6cac73e6c\/egypt%25e2%2580%2599s-debut-usd-1.5-bn-sovereign%253cmark%253e-sukuk-issuance%253c%2Fmark%253e-wraps-4x-oversubscribed\" style=\"\" rel=\"noopener\">February 2023<\/a>, under a three-year, USD 5 bn sukuk program that saw the state net USD 1.5 bn in an offering that was 4x oversubscribed. A senior government official <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14d226dc-86f7-4f22-b18a-b8ac3fe05c27\/hot-money-inflows-rise-to-usd-38-bn-amid-declining-inflation,-anticipated-rate-cuts\" style=\"\" rel=\"noopener\">confirmed to EnterpriseAM<\/a> last month that early steps were in progress to issue sukuk in the domestic market, though no specific timeline had been set yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>cost of sovereign debt also rose <\/strong><strong>1.4 percentage points to 6.95<\/strong><strong>% over the <\/strong><strong>same period<\/strong>, reflecting a rise in geopolitical tensions, according to the report.<\/p>\n<p class=\"tag-border-left\">INFLATION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will March inflation keep falling \u2014 or is a reversal in store?<\/strong> All eyes will be on state statistics agency Capmas tomorrow as it releases inflation figures for March. Annual urban inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1e5afc1-03a1-4322-8aeb-8e6d57650068\/egypt%E2%80%99s-inflation-slips-to-its-lowest-level-in-nearly-3-years-in-february\" style=\"\" rel=\"noopener\">slowed sharply in February to 12.8%<\/a> \u2014 its lowest level in two years \u2014 plunging 11.2 percentage points on the back of a favorable base effect and stable food prices. But whether that disinflationary momentum has carried into March remains up for debate, particularly with the holy month of Ramadan in the mix.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts we polled earlier this week were split<\/strong>, with half of the ten respondents expecting inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94b524da-f9e2-43e7-8db0-65b46f8f3060\/\" style=\"\" rel=\"noopener\">to inch down up to 0.4 percentage points<\/a>, while the other half saw a potential uptick \u2014 with some penciling in a rebound to as high as 18%. The median forecast saw inflation holding steady at 12.8%.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Senate approved a study aimed at reforming Egypt\u2019s customs system<\/strong>, including expediting customs clearance and clamping down on smuggling, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0g5yn3tCPgSLEn2th8NMdrQTbRwzBxhKmmt6EnBsK2uqThMn9Ui7b6eevfG3t2x2Gl\" style=\"\" rel=\"noopener\">statement<\/a> from the Parliamentary Affairs Ministry. The study, which involves amendments to the Customs Law, has been forwarded to President Abdel Fattah El Sisi for approval. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The commonsense plan was prepared by our friend <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/edc93d88-cf4a-4a1a-aaaf-a55f1fb7d4f1\/\" style=\"\" rel=\"noopener\">Sen. Mohamed Abou Ghaly<\/a><\/strong><strong> and <\/strong><strong>involves standardizing customs procedures across all ports<\/strong>, automating price verification systems so that estimated values for imported goods are accurately matched with real market prices, and implementing a secure system for tracking goods movement without human intervention, among other changes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reforms will be brought to life in two phases. <\/strong>The first will see the implementation of regulations aimed at improving pre-clearance procedures and employing specialized committees, while the second will focus on executive regulations that establish binding controls.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re getti<\/strong><strong>ng closer and closer to living in the movie Her<\/strong> as AI models keep getting more advanced. Google is pushing new camera and screen-sharing functionality on Gemini Live \u2014 while having voice chats with the LLM, users can show it objects using their phone\u2019s camera or or by sharing their screen, the company <a target=\"_blank\" href=\"https:\/\/blog.google\/products\/gemini\/gemini-live-android-tips\/\" style=\"\" rel=\"noopener\">said in a blog post<\/a>. At the moment, the feature is only available to Gemini Advanced subscribers on Android and all Pixel 9 and Samsung S25 users. It supports over 45 languages, including Arabic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When might it come in handy? <\/strong>Google wants you to think of it for use cases including organizing your living room, giving you pointers on how to declutter and maximize your space. It can also help with brainstorming ideas and let you sort out your personal approach to fashion or wardrobe planning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s cooling down in the capital today<\/strong>, with a very pleasant high of 28\u00b0C and a low of 15\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it's cooler still in Alexandria<\/strong>, with a high of 22\u00b0C and a low of 15\u00b0C for the day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at how Cairo\u2019s real estate sector performed in 2024, breaking down the most prominent trends in the residential, hospitality, office, and retail spaces. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. The EGP strengthened a bit against the greenback yesterday, snapping a multiday losing streak after policymakers made clear Egypt was not backing away from a floating FX regime. The currency gained slightly against the USD as a handful of foreign investors bought back into the carry trade after seeing others exit smoothly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":663441,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8515,68,72,9505,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-capital-markers","tag-egx","tag-enterpriseam","tag-financial-markers","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"46fd0ece-1b72-4e90-85c5-617abaef0f28","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/8\/12.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Wall Street stocks slide as MENA indexes rise","related_issue":[663438],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.76196379-d4f6-42df-b8f7-577595a7cacd.mp3"},"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>Wall Street stocks slide as MENA indexes rise - 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\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street stocks slide as MENA indexes rise\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. The EGP strengthened a bit against the greenback yesterday, snapping a multiday losing streak after policymakers made clear Egypt was not backing away from a floating FX regime. The currency gained slightly against the USD as a handful of foreign investors bought back into the carry trade after seeing others exit smoothly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Wall Street stocks slide as MENA indexes rise\",\"datePublished\":\"2025-04-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\"},\"wordCount\":1214,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markers\",\"EGX\",\"EnterpriseAM\",\"financial markers\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/\",\"name\":\"Wall Street stocks slide as MENA indexes rise - 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EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/","og_locale":"en_US","og_type":"article","og_title":"Wall Street stocks slide as MENA indexes rise","og_description":"Good morning, friends. The EGP strengthened a bit against the greenback yesterday, snapping a multiday losing streak after policymakers made clear Egypt was not backing away from a floating FX regime. The currency gained slightly against the USD as a handful of foreign investors bought back into the carry trade after seeing others exit smoothly [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-04-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Wall Street stocks slide as MENA indexes rise","datePublished":"2025-04-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/"},"wordCount":1214,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1","keywords":["capital markers","EGX","EnterpriseAM","financial markers","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/wall-street-stocks-slide-as-mena-indexes-rise\/","name":"Wall Street stocks slide as MENA indexes rise - 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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":561177,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/","url_meta":{"origin":663440,"position":1},"title":"What we\u2019re tracking on 29 March 2021","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on.IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the 5 mn of\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":569100,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/what-were-tracking-on-13-february-2020\/","url_meta":{"origin":663440,"position":2},"title":"What we\u2019re tracking on 13 February 2020","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"We have a passel of M&A news to accompany the top story of the day: The suggestion that the CBE may ease off on interest rate cuts this year to bolster the carry trade in a challenging global environment. It\u2019s the final day of the Egypt Petroleum Show, which made\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":561072,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/what-were-tracking-on-24-march-2021\/","url_meta":{"origin":663440,"position":3},"title":"What we\u2019re tracking on 24 March 2021","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"Good morning, friends. The big question on everyone\u2019s mind this morning: Will investors step in today on the EGX to \u201cbuy the dip\u201d after the EGX30 posted another day of losses yesterday. After spending the first quarter solidly in the green, a sharp two-day selloff has sent it down 3.5%\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":597861,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/what-were-tracking-on-07-may-2019\/","url_meta":{"origin":663440,"position":4},"title":"What we\u2019re tracking on 07 May 2019","author":"enterpriseam admin","date":"7 May 2019","format":false,"excerpt":"Welcome to one of the slowest news days of the past year, ladies and gentlemen. We hope your first day of fasting passed smoothly yesterday \u2014 only have 29 more days to go. In the meantime, the Associated Press brings us a rundown of key facts about the holy month\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":596572,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/what-were-tracking-on-2-july-2019\/","url_meta":{"origin":663440,"position":5},"title":"What we\u2019re tracking on 2 July 2019","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"The question of the day is whether we should expect new 95-octane fuel price changes this month. All signs seem to indicate the answer is \u201cyes,\u201d particularly as the local press is on high alert for any clues. We have the full rundown in this morning\u2019s Speed Round, below. The\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\/663440","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=663440"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663440\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/663438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/663441"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=663440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=663440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=663440"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=663440"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=663440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}