Pre-Trading Thoughts

The IMF should reach staff-level agreements on “sizeable” loans to Egypt and Tunisia “very soon," IMF Managing Director Georgieva told Reuters. Egypt’s PMI recorded 47.6 in September, unchanged from that seen in August. Output and new business fall sharply, Overall input costs rise at a marked pace, but Headcounts expand for the third month in succession. The EGP yesterday registered 19.67 against the USD. The World Bank has approved a USD 400 mn financing agreement to boost the t...