Monday 22 July 2013

Egyptian stocks rally as optimism grows over technocratic government - FT.com

Egyptian stocks rally as optimism grows over technocratic government - FT.com:

"Egyptian stocks have rallied since late June, gaining more than 15 per cent and reversing a steady downward trend that began early this year amid economic optimism after forming a new government of mostly liberal-minded technocrats.
But the challenges that lie ahead may damp this positive sentiment.
“The economic trajectory was negative, but at the moment it seems to have improved,” says Angus Blair, founder of the Signet Institute. “[But] I would be tempered in my enthusiasm.”"

'via Blog this'

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