Home Page Pioneers Holding Website Site Map
Release from Egyptian Kuwaiti Holding (EKHO.CA) Concerning the BOD Meeting       TransOceans Tours (TRTO.CA) Reports Its Financial Results for the Period Ending 31/12/2019       Misr Hotels (MHOT.CA) - Decisions of the Board of Directors Meeting       Egypt centre of Japanese diplomacy in MEA region: official document       Egypts Public Domestic Debt lowest in a decade: Cabinet       KFAED in Egypt to discuss Sinai development projects       EBRD, Alex Bank to boost SMEs with $100m       ACWA Power to develop Egypts sustainable water desalination sector       Saudi Egyptian Investment calls for general assembly to review dividends       7 companies bid on constructing Egypt-Saudi interconnection project       Egypts Arab Contractors to finish New Capitals Parliament Building within weeks       Release from Misr Beni Suef Cement (MBSC.CA) Regarding the AGM       Societe Arabe Internationale De Banque (SAIB) (SAIB.CA) Reports Year Ended 31/12/2019 Results       Release from Emerald Real Estate Investment (EMRI.CA) Concerning Proposed Dividend Distribution From The Board Of Directors       Release from Oriental Weavers (ORWE.CA) Regarding The Business Results Report       Release from Kafr El Zayat Pesticides (KZPC.CA) Concerning the AGM       Al Bader Plastic (EBDP.CA) Release Concerning a Clients Shares (NILEX)       Release from October Pharma (OCPH.CA) Regarding the AGM & EGM       Release from Obour Land For Food Industries (OLFI.CA)        Medinet Nasr Housing (MNHD.CA) - Corporate Governance Report      
ACGC.CA  5.67    1.07%      AFDI.CA  12.02    1.52%      APSW.CA  2.71    1.88%      COMI.CA  73.35    0.87%      EFIC.CA  16.93    1.93%      EGTS.CA  1.55    2.65%      EHDR.CA  5.13    2.40%      EKHO.CA  0.80    -1.23%      ELEC.CA  0.89    3.49%      ELKA.CA  14.98    0.00%      EMOB.CA  128.73    1.83%      EPCO.CA  2.30    0.00%      ESRS.CA  19.59    0.98%      ETEL.CA  13.49    -0.37%      HRHO.CA  23.27    0.00%      IFAP.CA  2.38    2.15%      KABO.CA  1.49    0.68%      MNHD.CA  10.29    1.78%      MOIL.CA  0.28    3.70%      NCGC.CA  6.55    0.00%      OCDI.CA  19.54    0.41%      OCIC.CA  217.47    0.00%      ORTE.CA  4.42    1.38%      PHDC.CA  4.06    1.50%      PIOH.CA  8.47    0.59%      SPIN.CA  2.05    1.49%      SVCE.CA  5.49    2.23%      SWDY.CA  136.72    0.80%      TMGH.CA  10.22    1.89%      UEGC.CA  0.77    1.32%      
First Name
Last Name
E-Mail
E-Mail
Global stocks stay near record highs; focus turns to central banks, earnings




World stocks traded just below record highs on Monday, pausing ahead of this weeks central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields.
European equity markets were lower, while U.S. stock futures dipped, with the Martin Luther King Jr. holiday in the United States meaning subdued trading activity.
Still, MSCIs s all-country index is up almost 2.5% for the first three weeks of the year, as an easing in U.S.-China trade tensions and signs that the worst may be over for the world economy bolster sentiment.
The S&P 500 a broad gauge of U.S. shares has gained just over 3% and the tech-heavy Nasdaq almost 5%.
In Asia, MSCIs broadest index of Asia-Pacific shares outside Japan fell 0.25% on Monday after rising to its highest since June 2018. Japans Nikkei gained 0.2% to near its highest in 15 months.
In China, the blue-chip CSI300 index rose 0.7%. The yuan rose to a six-month high.
U.S. corporate earnings this week include Netflix, Intel Corp and Texas Instruments, while the European Central Bank, Bank of Canada and Bank of Japan hold policy meetings.
Optimism is high, mainly, though, because we appear to have clicked back to a world of growth enthusiasm, said Chris Bailey, European Strategist at Raymond James in London.
The upcoming earnings season is going to be fascinating ... Netflix and Intel on Tuesday and Thursday in the U.S. are going to be insightful re the tech sector, whilst UBS tomorrow, ASML on Wednesday and Ericsson Friday will be helpful on perceptions towards Europe.
EVENT-PACKED WEEK
The Bank of Japan meets on Tuesday, while the ECB is expected to open a key strategic policy review when it gathers on Thursday.
Friday brings the release of key business activity data, while the World Economic Forum in Davos is also in focus, with U.S. President Donald Trump expected to discuss trade disputes with European Commission President Ursula von der Leyen.
Oil prices rose to their highest in more than a week since two large oil fields in Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline.
Brent crude futures were last up 0.9% at $65.45 a barrel, off session highs. U.S. crude jumped 0.7% to $58.97.
The dollar rose to its strongest level of 2020 after last weeks run of data confirmed that the U.S. economy is holding up well.
Figures on Friday showed U.S. homebuilding surged to a 13-year high in December and a gauge of manufacturing activity rebounded to its highest in eight months.
The dollar edged up 0.1% against a basket of currencies, with the index rising as high as 97.727, its strongest since Dec. 24. The euro was a tad lower at $1.1082.
In 2020, we dont expect the pace of growth to slow as much as it did last year, said Mark Haefele, chief investment officer at UBS Global Wealth Management.
Accommodative policy and the reduction of downside risk following the signing of the Phase 1 U.S.-China trade deal will help support the economy and risk assets.
Sterling came under some selling pressure after British finance minister Sajid Javid at the weekend stoked fears about weak ties with the European Union following Britains departure from the bloc.
Elsewhere, gold gained 0.25% to around $1,560 an ounce, after reaching a seven-year high earlier this month at the height of Iran-U.S. tensions.

Time Added: 2020-01-21 09:05:59
Source: arabfinance
  print
Send to a friend
Your Name
Your E-mail
Your Friend Name
Your Friend E-mail
Your Message
 
Share on Facebook

Related News
Release from Egyptian Kuwaiti Holding (EKHO.CA) Concerning the BOD Meeting
TransOceans Tours (TRTO.CA) Reports Its Financial Results for the Period Ending 31/12/2019
Misr Hotels (MHOT.CA) - Decisions of the Board of Directors Meeting
Egypt centre of Japanese diplomacy in MEA region: official document
Egypts Public Domestic Debt lowest in a decade: Cabinet
KFAED in Egypt to discuss Sinai development projects
EBRD, Alex Bank to boost SMEs with $100m
ACWA Power to develop Egypts sustainable water desalination sector
Saudi Egyptian Investment calls for general assembly to review dividends
7 companies bid on constructing Egypt-Saudi interconnection project