Pre-Trading Thoughts

EU leaders have sealed a EUR7.4 billion deal with Egypt to help boost the economy, in an attempt to bring stability to the region and avert another migration crisis in Europe. Egypt has requested from the IMF USD5 billion as a first tranche it will receive next April. After the float of the EGP, the government has made easing the backlog one of its top priorities, with some USD3 billion worth of goods released in the span of a few days, the Prime Minister said. JP Morgan Bank will make availa...