Pre-Trading Thoughts

Egypt’s PMI recorded 49.2 in August, equivalent to July's figure, as output and new orders fell at modest rates while employment and inventories moved into expansion. A faster increase in input costs reduced overall activity. Egypt's government plans to use the International Finance Corporation (IFC) to contract with a global consulting firm to develop a clear investment strategy for Egypt and improve Egypt’s ranking in the ease of doing business index in the coming years, with the aim...