What the markets are doing on 10 March 2021
GLOBAL M&A WATCH- It’s a record-breaking year for domestic M&A in China, with the country seeing USD 77.5 bn of transactions so far this year, the FT says. Powering the activity: the covid recovery and the government’s so-called dual circulation policy that will see it lessen dependence on foreign markets, according to PwC’s David Brown.
Crypto frenzy born anew? BTC prices leapt to a two-week high to breach the USD 54k mark yesterday, climbing back from a drop in late February. Other cryptocurrencies like Ether — which also reached its highest point in two weeks — show that interest from institutional investors for crypto “still seems strong,” analysts tell Bloomberg.
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EGX30 |
11,337 |
-1.1% (YTD: +4.5%) |
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USD (CBE) |
Buy 15.68 |
Sell 15.78 |
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USD at CIB |
Buy 15.68 |
Sell 15.78 |
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Interest rates CBE |
8.25% deposit |
9.25% lending |
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Tadawul |
9,473 |
+1.1% (YTD: +9.0%) |
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ADX |
5,583 |
-1.8% (YTD: +10.7%) |
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DFM |
2,539 |
-0.1% (YTD: +1.9%) |
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S&P 500 |
3,875 |
+1.4% (YTD: +3.2%) |
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FTSE 100 |
6,730 |
+0.2% (YTD: +4.2%) |
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Brent crude |
USD 67.46 |
-0.1% |
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Natural gas (Nymex) |
USD 2.65 |
-0.5% |
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Gold |
USD 1,709.50 |
-0.4% |
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BTC |
USD 54,150.21 |
+1.1% |
The EGX30 fell 1,1% yesterday on turnover of EGP 1.2 bn (18.7% below the 90-day average). Regional investors were net buyers. The index is up 4.5% YTD.
In the green: MM Group (+3.0%), EDBE (+1.7%) and Heliopolis Housing (+1.6%).
In the red: Abu Qir Fertilizers (-5.1%), Ezz Steel (-2.9%) and Cleopatra (-2.8%).