Egypt secures €53.8m green industry financing from AFD, EIB    Egypt's non-oil exports surge 19% to $40.6bn in M10 2025    Egypt's Madbouly meets Japanese, Vietnamese leaders at G20 to deepen strategic, economic ties    Egypt taps AI, incentives to boost entrepreneurship, expand tax base    Gaza ceasefire under strain amid Israeli escalation, Hamas delegation heads to Cairo    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt's GAFI touts Al Galala City to attract Gulf, East Asia investors    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt's PM calls for urgent multilateral action on global crises at G20 Summit    Health minister opens upgraded emergency units, inspects major infrastructure projects    European leaders say US 28-point Ukraine peace draft needs more work, reject any change of borders by force    India delays decision on extraditing ex-PM Hasina as Bangladesh tensions rise    Egypt concludes first D-8 health ministers' meeting with consensus on four priority areas    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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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Global stocks mixed as attacks in Egypt add to uncertainties
Published in Amwal Al Ghad on 10 - 04 - 2017

Global shares were wavering on Monday following attacks by suicide bombers on churches in Egypt added to uncertainties in the Middle East. News that China's top anti-corruption body is investigating the insurance regulator pulled shares lower in Shanghai.
KEEPING SCORE: France's CAC 40 lost 0.5 percent in early trading to 5,108.27, while Germany's DAX inched down 0.1 percent to 12,211.15. Britain's FTSE 100 was little changed but up slightly at 7,350.98. U.S. shares were set to drift higher with Dow futures up 0.1 percent at 20,619. S&P 500 futures rose 0.1 percent to 2,355.10.
GEOPOLITICS: President Donald Trump's meetings Friday-Saturday with his Chinese counterpart Xi Jinping seemed to have little major impact on world markets. But U.S. missile strikes on a Syrian air base last week were followed by bombings at two Coptic churches in northern Egypt that killed 44 people. Secretary of State Rex Tillerson said the U.S. missile strikes carry a message for any nation operating outside of international norms. Worries have been growing about North Korea's missile tests and nuclear weapons program, and over the weekend the Pentagon said a Navy carrier strike group was moving toward the western Pacific Ocean to provide more of a physical presence in the region.
THE QUOTE: "Volatility was substantially higher last week, and safe-haven asset prices soared as geopolitical tensions and financial uncertainties rose. Therefore, a ‘risk-off' sentiment will probably continue to overshadow stock markets in the near term," Margaret Yang of CMC Markets said in a commentary.
CHINA CORRUPTION PROBE: The Central Commission for Discipline Inspection said the chairman of the China Insurance Regulatory Commission was suspected of unspecified "severe discipline violations," an official term for corruption. The industry has been hit by complaints that insurers are making dangerously risky investments in stocks and real estate.
ASIA'S DAY: Japan's benchmark Nikkei 225 added 0.7 percent to finish at 18,797.88, while Australia's S&P/ASX 200 gained 0.9 percent to 5,912.90. South Korea's Kospi fell 0.9 percent to 2,133.32. Hong Kong's Hang Seng was steady at 24,262.18, while the Shanghai Composite fell 0.5 percent to 3,269.39. Shares rose in Taiwan and were mixed in Southeast Asia.
ENERGY: Benchmark crude oil rose 33 cents to $52.57 a barrel in electronic trading on the New York Mercantile Exchange. It added 54 cents to $52.24 a barrel late Friday in New York. Brent crude, the standard for international oil prices, rose 42 cents to $55.66 a barrel in London.
CURRENCIES: The dollar rose to 111.36 yen from 110.55 yen late Friday in Asia. The euro fell to $1.0582 from $1.0649.
Source: The Associated Press


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