• Europe Slowly Coming Back into Focus as Traders Balance Trump & Fed Hike

    Data over the coming week should further support a Federal Reserve rate hike in December. Elsewhere, now that markets are moving through the first round of reactions to last Tuesday’s US Presidential election results, attention should slowly refocus on Europe.
  • MIDEAST STOCKS-Egypt continues rally on IMF; Saudi strong, rest of Gulf hit by global weakness

    MIDEAST STOCKS-Egypt continues rally on IMF; Saudi strong, rest of Gulf hit by global weakness
    * Egyptian index up for 12th straight session * Financial, export-oriented shares chief gainers * Saudi confirms break above technical barrier on August peak * Mobily surges on arbitration award * MSCI shares are main losers in UAE, Qatar By Celine Aswad DUBAI, Nov 13 (Reuters) - Egypt's stock market gained for a 12th straight session on Sunday after the International Monetary Fund approved a $12 billion loan for the country, while Saudi Arabia rose, bucking a downtrend in the rest of the Gulf.
  • Why Wall Street and Liberals Are ‘Bullish’ on Trump’s Stimulus Plans

    Texas businessman William J. Sandbrook says he’s “bullish” on President-elect Donald Trump’s call for $1 trillion in new infrastructure spending and a massive tax cut for wealthy Americans and businesses — and for good reason.
    As the president and CEO of U.S. Concrete Inc., a $1.1 billion-a-year ready-mix concrete producer with more than 3,000 employees across the country, Sandbrook will be one of those in the economic catbird seat if Trump makes good on his pledge
  • Egyptian stocks rise further following IMF loan approval

    Egyptian stocks rise further following IMF loan approval
    Egypt's stock market rose sharply early on Sunday in heavy volume, heading for a 12th straight session of gains following the International Monetary Fund's approval of a three-year, $12 billion loan for the country. The IMF has already disbursed an initial installment of $2.75 billion to Egypt's central bank. The IMF loan approval had been widely expected, but this plus Egypt's decision to float its currency on Nov. 3 has made investors optimistic that the market can look forward to major inflow
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