EGPT News and Press, VanEck Vectors Egypt Index From 07/11/23

2023-07-11 01:45:00 ET Summary After a stellar performance driven by petrodollar inflows in 2022, the Gulf economy will feel the pinch of weaker global demand, higher borrowing rates, and lower oil output in line with OPEC+ decisions. S&P Global Market Intelligence forecasts r...

2023-06-22 07:02:42 ET Summary The market has been strong due to of a lack of new macro risks. We're here to lay out several scenarios that would throw the global order into chaos. Black Swan events are inherently unpredictable but it's important to be prepared for the worst. ...

2023-05-31 01:10:00 ET Summary Egypt's annual core inflation slightly decreased to 38.6% in April from 39.5% in March, according to data from the Central Bank of Egypt (CBE). Still, April's annual headline inflation remains well above the rate seen in April 2022 (14.9%), according...

2023-04-23 11:27:00 ET Summary The IMF expects slowing global growth and slowing global inflation to eventually return developed market interest rates down to levels that make sovereign debt sustainable. Banking problems in the US and Europe result in slower credit growth, but are...

2023-04-15 04:31:00 ET Summary S&P Global's Egypt PMI continued to signal multiple headwinds on the private sector economy in March, rounding off a bleak first quarter of 2023. The slowdown in non-oil economic conditions was largely driven by further sharp contractions in both...

2023-03-22 00:36:00 ET Summary The Middle East and North Africa (MENA) region is benefiting from a resurgence in growth. Giga projects have been the cornerstone of the multi-year reform process underway in the region. MENA's weight in the MSCI Emerging Markets Index has increa...

Summary Africa’s economic growth may decline from 4.1% in 2022 to 3.8% or lower in 2023, which is well below the growth in years like 2016. The main reason I am hesitant about Africa is that most ETFs have a larger amount of their assets invested in banking and/or mining companie...

Summary China’s economic reopening is proceeding swiftly, despite the spike in COVID-19 cases in early January. January witnessed a dramatic shift in the performance of growth stocks, with the MSCI Emerging Markets Growth Index posting double-digit returns. Consensus expectat...

Summary Egypt has underperformed other emerging markets during the past three years. The macro picture is much more complex, which will lead to short-term selling pressure. This is one of the few picks outside of Latin America that I am comfortable buying. 2023 is an acceptable ...

Summary We are optimistic that emerging markets, in particular Chinese equities, can post positive returns in 2023. Consensus expectations point to two further increases in the US federal funds rate in 2023. As the investment environment evolves, an important feature that we seek in...