More what we’re tracking on 4 November 2018
It’s all enough to make us very happy that Tuesday is Stranger Things Day, according to a video posted on the Netflix show’s Twitter feed.
Meanwhile:
Your menu of T+0 trading options just got a bit deeper: Last Tuesday’s decision by the Financial Regulatory Authority (FRA) to allow same-day trading on stocks that are on its category ‘B’ list of securities eligible for “specialized activities” will come into effect today, the EGX said in a statement picked up by Youm7.
Also today: Intraday trading clearing fees to fall by 50%: Clearinghouse MCDR will reduce clearing fees on intraday trading (T+0) 50% to 0.000125% starting from today, Misr Clearing MD Tarek Abdel Bary tells Al Mal. The move, coupled with a decision to allow T+0 on category ‘B’ companies, could raise trading volumes by up to 50%, as T+0 trades make up 10-15% of all daily volumes, he added.
The second edition of the World Youth Forum kicked off yesterday in Sharm El Sheikh, and is set to wrap on Tuesday.
In miscellany this morning:
- Shares of listed asset managers tumble on both sides of the Atlantic as the sector has its worst year since 2008. (Financial Times)
- Warren Buffett can’t find anything he wants to buy, so he’s buying back nearly USD 1 bn in stock. (Wall Street Journal)
- The new retirement plan: Save almost everything, spend virtually nothing. Or: The Wall Street Journal discovers the FIRE movement.
- The case for using a paper planner. Try as we might to go all-digital, we just can’t. (New York Times)
PSA- Clocks fall back in the United States and Canada this morning. Egypt no longer observes daylight saving time (remember that year we changed the clocks four times?), so New York and Toronto will be seven hours behind CLT later this morning.