$TRX Breaking: Mixed performance on the Egyptian stock market today as data weakens the pound amid continued foreign outflows
Egyptian indices moved in mixed directions in Sunday’s trading, with the benchmark EGX30 falling 0.67%, while the equal-weighted EGX70 rose 0.68%. The EGX100 edged up just 0.28%. Meanwhile, the pound fell half a point against the dollar to 54.5 pounds, after U.S. employment data on Friday boosted investor expectations of a 25-basis-point Fed rate hike at the upcoming December meeting. This lifted U.S. Treasury yields and helped the U.S. dollar index rise 0.74% in Friday’s trading to 102.3 against a basket of foreign currencies, as expectations of a rate hike climbed from 67% to 75.5% following the data.
$JCT
#BinanceReopensWithdrawalsForHYPE&APT #KeplrAdvisesSocialLoginUsersToTransferAssets #JobsReportRaisesHikeOdds
Egyptian indices moved in mixed directions in Sunday’s trading, with the benchmark EGX30 falling 0.67%, while the equal-weighted EGX70 rose 0.68%. The EGX100 edged up just 0.28%. Meanwhile, the pound fell half a point against the dollar to 54.5 pounds, after U.S. employment data on Friday boosted investor expectations of a 25-basis-point Fed rate hike at the upcoming December meeting. This lifted U.S. Treasury yields and helped the U.S. dollar index rise 0.74% in Friday’s trading to 102.3 against a basket of foreign currencies, as expectations of a rate hike climbed from 67% to 75.5% following the data.
$JCT
#BinanceReopensWithdrawalsForHYPE&APT #KeplrAdvisesSocialLoginUsersToTransferAssets #JobsReportRaisesHikeOdds