Pre-Trading Thoughts

Egypt’s PMI inched up to 48.1 in February compared to 47.9 in January, reflecting a slowdown in the rate of input price inflation, a slight contraction in backlogs, a strong decline in activity, and lower confidence Egypt has seen an estimated USD3 billion leave its treasury markets since the Russian invasion of Ukraine (Reuters) US markets rebound as Fed head Powell says rate hikes will proceed with caution Global commodity markets surged to multiyear high; Brent at USD118/bbl Suez Can...