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Wednesday, 7 September 2016

What we’re tracking on Wednesday, 07 September 2016

Attention, fixed income traders: The Finance Ministry announced that next week’s T-bill and bond auctions will run this week, instead, because of the Eid Al-Adha vacation, Reuters reports. Todaythe central bank will hold the six-month, one-year, and ten-year auctions; it will hold the three-month, nine-month, and 5-year treasury auctions tomorrow.

Trading in Misr Fertilizers Production Company (MOPCO) shares is to begin on the EGX today under the symbol MFPC.CA. The EGX says this will be the first time in over 10 years that a public sector company’s shares are traded on the bourse.

A “high-level Russian delegation” is expected to arrive today to decide whether or not flights should be resumed to Egypt, according to Reuters, citing a statement from the Civil Aviation Ministry. The delegation will assess security and technical reforms taken by Egypt, the ministry added.

Apple’s fall launch event is tonight, and the iSheep among us will dutifully tune-in at 8pm CLT for the live stream. New iPhone? Cool. No new MacBook Pro? [Insert your choice of sad, brassed-off, or excreta-based emoji here.] The tech press is chasing its tail, going from “what we know” about the iPhone that will launch tonight to this morning’s “The new iPhone and Apple Watch: What we don’t know.” Brace yourselves for the backlash against Apple’s reported decision to ditch the headphones jack — it has already begun (here and here).

Oh, and Donald Trump and Hillary Clinton are now in a statistical dead heat heading into the last two months of the campaign. A new CNN poll released yesterday found Trump has overcome Clinton’s lead and now has a 2-point advantage among likely voters. That’s within the poll’s margin of error, hence the “statistical dead heat.”

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