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Market roundup on 13 June 2022
The EGX30 fell 0.8% at today’s close on turnover of EGP 646 mn (22.4% below the 90-day average). Foreign investors…
El Erian points fingers at Fed for US inflation as recession clouds build
The Fed missed the boat on inflation, says El Erian: Allianz Chief Economist Mohamed El Erian told CBS’s “Face The…
THIS MORNING: USD 10 bn additional burden + Latvian FM in town + wheat can’t get out of Ukraine and India isn’t helping…oh, and the Fed.
Good morning, ladies and gentlemen, and welcome to another issue of the government and the private sector playing whack-a-mole with…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
Market roundup on 12 June 2022
The EGX30 fell 1.4% at today’s close on turnover of EGP 529 mn (36.6% below the 90-day average). Local investors…
THIS EVENING: Our first sovereign sukuk issuance is still on hold + US equities face “darkening outlook”
Good afternoon, friends. It’s a relatively calm start to the week (especially if you’re comparing to the past few weeks…
Time to call time on SPACs?
SPACs are dead. Interest rates and regulators killed them: It’s looking increasingly like the SPAC boom fueled by the pandemic’s…
Parts of the Senate don’t love the govt’s privatization plans
Gov’t privatization plans get more parliamentary pushback: The Senate is this week set to discuss a report in which it…
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