Pre-Trading Thoughts

*Key news articles for today* CAPMAS is expected to release February inflation data on Sunday, 10th March. We expect annual urban inflation to drop appreciably to c.24% YoY, capitalizing on a particularly accommodative base effect. A staff delegation from the IMF is reportedly in town. Sources said that a staff-level agreement with Egyptian officials will be signed as early as today. Net Foreign Liabilities' position of the banking system deteriorated in January to c.USD29.0 bn ...