EGP edges lower against USD in Wednesday's early market    PM Madbouly inaugurates $60m expansion of Hayat Egypt factory in Sokhna    SITA opens first regional hub in Middle East with new command center in Cairo    Egypt unveils national strategy to boost patient safety, healthcare quality    Saudi Arabia commits to $600bn US investment in new strategic agreement    UPDATE: Trump secures 'historic' $600b investment commitment in Saudi Arabia    Egypt's Al-Mashat meets AfDB President, focus on private sector, continental integration    URGENT: Saudi Arabia, US sign economic strategic partnership agreement    Asia-Pacific markets mixed after US-China tariff pause    Egypt, Türkiye FMs discuss Gaza, Libya    Egyptian pound maintains stability vs. USD in early trade    Hamas releases US-Israeli detainee Edan Alexander amid ceasefire uncertainty    Trump signs executive order to cut drug prices by at least 59%    White House releases Trump's drug price overhaul order    Flowers as a Form of Communication: Why It Still Matters to Give the Living    Empower Her Art Forum Returns for Third Edition at Grand Egyptian Museum    Egypt scales up drug output, sees $466m in pharma exports by 2029    Egypt hosts 170 pharmaceutical factories, 11 with international accreditation: EDA    Gaza faces famine, health collapse amid intensifying Israeli siege, bombardment    Sandoz launches new OMNITROPE growth hormone concentration in Egypt    Third "Empower Her Art Forum" to launch at Grand Egyptian Museum    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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European stocks open flat as investors await trade and geopolitical developments
Published in Amwal Al Ghad on 13 - 01 - 2020

The pan-European Stoxx 600 hovered around the flatline in early deals, with tech stocks adding 0.3 percent while basic resources fell by 0.4 percent.
Representatives from Washington and Beijing are expected to sign the first phase of a long-awaited trade accord on Wednesday, and U.S. Treasury Secretary Steven Mnuchin insisted on Sunday that China's commitments had not changed during a lengthy translation process. Mnuchin also confirmed that the details will be published this week.
Asian stocks mostly advanced on Monday as investors look ahead to the inking of the deal, with MSCI's broadest Asia-Pacific index excluding Japan gaining 0.49%.
Tensions in the Middle East have continued as anti-government protests spread across Iran, after the Iranian regime admitted that its armed forces unintentionally shot down a Ukrainian passenger plane in Tehran, killing 176 people. U.S. President Donald Trump tweeted his support for the protesters on Sunday.
Back in Europe, U.K. Prime Minister Boris Johnson will travel to Northern Ireland on Monday to meet with leaders of the country's newly-formed executive and his Irish counterpart, Leo Varadkar.
A raft of U.K. economic data is due at 9:30 a.m. London time, including manufacturing and construction figures, trade balances and GDP readings for November.
source: CNBC


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