It’s a big earnings week stateside this week: More than a third of the S&P500’s constituents are set to report 1Q earnings this week, including Apple, Tesla, Amazon and Alphabet, the Wall Street Journal reports. A total of 181 companies will publish their figures, starting with Tesla on Monday, with Microsoft and Alphabet following on Tuesday.

Ant Group could be forced to hand over consumer data to a new Chinese state-backed credit-scoring company set up to wrest control of tech companies’ data as Beijing takes an increasingly hard line against them, the Financial Times reports, citing unnamed sources with direct knowledge of the matter. To downplay government intervention, the Alibaba affiliate is reportedly looking to lead the new entity, which would serve rival financial institutions including state lenders, a former banker who formerly worked with Ant Group tells the newspaper. For now, Chinese regulators have given tech companies a month to clear up anti-competitive practices following the antitrust ruling against e-commerce giant Alibaba which saw it slapped with a record USD 2.8 bn fine.

The EGX30 fell 0.4% on Thursday on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors were net buyers. The index is down 2.3% YTD.

In the green: SODIC (+4.8%), Orascom Development (+2.4%) and Orascom Financial (+1.7%).

In the red: AMOC (-1.6%), CIB (-1.2%) and Fawry (-1.1%).