Egypt’s stock market: Backing the crackdown?

ENAR

Political outrage may be good for news ratings but does not necessarily have much of an effect on stock markets. This was the week’s message if one scours the index movements on important global and Arab markets. After the world’s leading economic powers announced on March 24 that they had given the boot to Russia over its Crimea policy and thus were the G8 no longer, indices such as Japan’s Nikkei and Germany’s Dax went on to have a jolly performance the rest of the week. This implied, according to analysts, that the cancellation of a G8 Summit in Russia was not a big deal because the G7 stepped back from firmer retaliations. The Moscow Exchange’s MICEX likewise continued its recovery from lows it suffered at the outbreak at the crisis. North Africa It would have been nice to see sensitivity of Arab markets to domestic decisions that caused outrage