{"id":648214,"date":"2017-05-31T03:57:25","date_gmt":"2017-05-31T03:57:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/what-were-tracking-on-31-may-2017\/"},"modified":"2017-05-31T03:57:25","modified_gmt":"2017-05-31T03:57:25","slug":"what-were-tracking-on-31-may-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/what-were-tracking-on-31-may-2017\/","title":{"rendered":"What we\u2019re tracking on 31 May 2017"},"content":{"rendered":"<p><strong>Something to make you smile this morning: <\/strong>If you buy the notion that more consumption in developed economies is ultimately good for EM, then you\u2019ll be happy to know that the United States, the Eurozone and Japan have all released data that suggest their <strong>economies are showing \u201crenewed signs of breaking out of post-crisis doldrums<\/strong>,\u201d reports the <a href=\"https:\/\/www.ft.com\/content\/8bcebca8-454e-11e7-8519-9f94ee97d996\">Financial Times<\/a>.<\/p>\n<p><strong>\u2026and something to make you scowl: <\/strong>\u201cInvestors reaping handsome returns on emerging-market currencies this year might do well to heed a warning once made by Harvard economist Jeffrey Frankel, who <strong>likened carry trading to \u2018picking up pennies in front of a steam roller.\u2019 <\/strong>Economic theory \u2014 and history \u2014 suggest the strategy of borrowing where interest rates are low to invest in high-yielding currencies is prone to the risk of a sharp reversal when too many investors pile into the trade,\u201d Natasha Doff <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-05-30\/history-says-emerging-market-carry-trade-can-only-end-in-tears\">writes for Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Something to make you smile this morning: If you buy the notion that more consumption in developed economies is ultimately good for EM, then you\u2019ll be happy to know that the United States, the Eurozone and Japan have all released data that suggest their economies are showing \u201crenewed signs of breaking out of post-crisis doldrums,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":648215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"2c4fa193-61f1-4c08-af3c-26e86c965ef0","order":"0","is_powered_by":true,"section_story_id":"21ec4336-87f9-4e37-82c0-999f2b219dc1","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/5\/1151.jpg","photo_position":"above","related_issue":[648211],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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To wit: US and European equities cratered yesterday, with American equities erasing their gains for the year as a rout kicked off by tech shares deepened and edged into\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/567.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629246,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/the-hand-wringing-over-weakness-in-emerging-market-currencies-continues-in-the-global-business-press\/","url_meta":{"origin":648214,"position":1},"title":"The hand-wringing over weakness in emerging market currencies continues in the global business press.","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"The hand-wringing over weakness in emerging market currencies continues in the global business press, with Bloomberg\u2019s Paul Wallace being the latest in a string of writers to point out that equity markets in countries including Egypt, Kenya, and Ghana have also been slipping in response. \u201cEgypt\u2019s stocks, which had risen\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627433,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/what-were-tracking-on-03-june-2018\/","url_meta":{"origin":648214,"position":2},"title":"What we\u2019re tracking on 03 June 2018","author":"enterpriseam admin","date":"3 June 2018","format":false,"excerpt":"We are officially past the halfway mark in Ramadan, meaning it is not unseemly to start making Eid and \/ or summer vacation plans. Just sayin\u2019.President Abdel Fattah El Sisi was sworn in yesterday, marking the start of his second term in office. Speculation about a possible cabinet shuffle will\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628357,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/what-were-tracking-on-2-may-2018\/","url_meta":{"origin":648214,"position":3},"title":"What we\u2019re tracking on 2 May 2018","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"It\u2019s merry merry month of May, as stocks fly of the shelves and fridges get packed with Ramadan supplies. The holy month is only a few weeks away at this point, with expectations hovering at around 16 or 17 May. As it\u2019s the first week of the month, we\u2019re expecting\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648641,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/sunday-morning-read-men-bet-she-would-fail-now-she-runs-a-usd-26-bn-fund\/","url_meta":{"origin":648214,"position":4},"title":"Sunday morning read: Men bet she would fail; now she runs a USD 26 bn fund","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"We suggest you start your morning with a read of \u201cMen bet she would fail; nowshe runs a USD 26 bn fund,\u201d a New York Times Dealbook feature on Dawn Fitzpatrick, 47, who becomes something like the eighth or ninth chief investment officer at George Soros\u2019 Soros Fund Management since\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636183,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/what-were-tracking-this-week-92\/","url_meta":{"origin":648214,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"26 December 2017","format":false,"excerpt":"Expect the central bank\u2019s Monetary Policy Committee to keep interest rates on hold when they meet on Thursday, Pharos Holding\u2019s Ramy Oraby says. \u201cWe believe that the current disinflation trend will continue, leading the annual inflation rate downwards to 14.4% YoY in 4Q 2018, which is in line with the\u2026","rel":"","context":"In &quot;What We\u2019re Tracking This Week&quot;","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648214"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648214\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/648215"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648214"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648214"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}