Al-Sisi reviews Suez Canal developments, expansion of maritime services    Industrial Ministerial Group reviews free zone, golden licence requests prior to cabinet consideration    Hamas releases US-Israeli detainee Edan Alexander amid ceasefire uncertainty    Egypt's exports rise 24.1% in February 2025 as trade deficit shrinks by nearly third    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    Trump says US, China achieved 'total reset', rules out return to 145% tariffs    Egypt lauds Russian-Ukrainian readiness for direct peace talks    Egypt scales up drug output, sees $466m in pharma exports by 2029    Egypt condemns attack on Ecuadorian army unit    Egypt strikes deal with Saudi retail giant Panda to reinforce food supply    Fitch Solutions: Egypt inflation to face temporary bumps, rate cuts remain likely    Asia-Pacific stocks rally after US-China tariff truce    Egypt hosts 170 pharmaceutical factories, 11 with international accreditation: EDA    Egypt expands migratory bird conservation, eco-tourism initiatives    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    Pakistan gave positive ceasefire response for regional peace: PM Sharif    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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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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