Egypt launches industrial cash incentive to draw FDI    Egypt's food exports hit 222,000 tons in week ending 5 Dec. – NFSA    Egypt's pound inches up against dollar in early Sunday trade    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Eight Arab, Muslim states reject any displacement of Palestinians    SCZONE chair showcases investment opportunities to US institutions, companies    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    EU drafts central energy plan to fix grid bottlenecks and save billions    United Bank to roll out specialised healthcare financing packages, including green financing: Kashmiry    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt assumes COP24 presidency of Barcelona Convention    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    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    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    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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Stock futures point to higher open on Wall Street
Reuters Published in The Egyptian Gazette on 30 - 08 - 2010

PARIS- Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.17 per cent, Dow Jones futures up 0.09 per cent and Nasdaq 100 futures up 0.27 per cent.
M&A activity will be in focus on Monday, after France's Sanofi-Aventis publicly disclosed its proposed $18.5 billion, $69 per share cash indicated offer for Genzyme Corp in a bid to rouse shareholders after failing to engage the US biotechnology company in merger talks.
Sanofi said it is considering all options to complete the transaction, hinting it would consider a hostile takeover bid.
Shares of Genzyme traded in Frankfurt were up 5.9 per cent.
German chipmaker Infineon has agreed to sell its wireless unit to Intel for $1.4 billion, enabling the US chipmaker to boost its presence in the smartphone market.
Dell Inc (DELL.O) said on Sunday it was assessing its bid for 3PAR Inc (PAR.N) after the data storage company's board of directors late on Friday said Hewlett-Packard Co's (HPQ.N) $2 billion offer was a "superior proposal."
Oil stayed near an eight-day high above $75 on Monday as sustained momentum from Federal Reserve Chairman Ben Bernanke's speech last week boosted Asian stock markets.
Japan's Nikkei average pared gains to close near its day's lows on Monday after rising more than 3 per cent at one point, with investors disappointed by a Bank of Japan decision that contained no surprises and was seen as lackluster at best.
European stocks were up 0.3 per cent in morning trade, gaining ground for the third consecutive session and tracking gains in Asian stocks and commodity prices on recovering risk appetite in the wake of Bernanke's comments.
On the macro front, investors awaited July personal income and consumption data as well as the core PCE data, all due at 1230 GMT .
Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
The Dow Jones industrial average (.DJI) gained 164.84 points, or 1.65 per cent, to 10,150.65. The Standard & Poor's 500 Index (.SPX) jumped 17.37 points, or 1.66 percent, to 1,064.59. The Nasdaq Composite Index (.IXIC) climbed 34.94 points, or 1.65 percent, to 2,153.63.

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