Pre-Trading Thoughts

We issued this morning our equities strategy for 2023, titled "Despite Challenges, Valuations Do Stand Out", in which we present: •Macro Backdrop| A Bumpy Road to Recovery •Equity Strategy| An Overdue Catch-Up Supported by EGP Weakness •Data Screens| All-in-One Deck •Sector Reviews| Outlook, Hopes, Fears, Top Picks, and Stocks Awaiting Catalysts The IMF’s executive board will discuss Egypt’s request for a new extended fund facility next Friday, 16 December. Finance Minister said earlie...