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EFG Hermes Research is an award-winning, globally recognized research house, combining equities research, macro research, strategy, and index research covering hundreds of stocks and numerous geographies across MENA and FEMs. The Firm offers fair, unbiased, comprehensive coverage commanding the attention of a diverse range of buy-side clients, corporations, and industry media.
Headline inflation decelerated to 13.5% in July 2018 compared to 14.4% in June 2018, in line with the view that inflation is set to follow a downward trend following the one-time spike in June that came on the heels of yet another round of fuel subsidy cuts.
A downside of being a financial analyst these days is that you may find yourself called upon to explain why solid economic reports may cause a severe markets sell-off. Strong wage growth and employment data in the US have shaken global markets on concerns that the US economy may be overheated.