Pre-Trading Thoughts

Core inflation climbed 16.7% from a year earlier, up from 15.6% in July. The European Central Bank raised interest rates by a historic 75 basis points — and its head hinted there could be more jumbo rate hikes to come. Suez Canal revenues hit an all-time high of USD 744.8 mn in August (+32% YoY. Tonnage increased 16% YoY to 127.8 mn tons. Suez Canal Authority intends to list subsidiaries on the Egyptian Stock Exchange at the end of this year or early next year. The Customs Authority rel...