Pre-Trading Thoughts

The war in Gaza will negatively impact the economies of neighboring countries, including Egypt, Jordan, and Lebanon, according to the Managing Director of the International Monetary Fund (IMF). Plane ticket purchases to Egypt, Jordan, and Lebanon have plummeted since the start of the war in Gaza, according to travel analysis firm ForwardKeys. The EBRD is considering making a USD40 million equity investment in a new USD350 million North Africa-focused fund set up by SPE Capital. The General...