Pre-Trading Thoughts

Emerging-market equity and bond funds saw a record USD12.7 bn in inflows last week as China’s relaxation of its covid-19 curbs continues to drive optimism. Foreign investors are once again looking at Egypt’s debt market on the back of a cheaper EGP and record-high yield. The Bank of Russia last week approved the EGP as a trade currency, raising hopes in Egypt to make it easier to import from Russia, with less pressure on Egypt’s USD reserves. Cairo International Airport welcomed a group of Ch...