Pre-Trading Thoughts

Silicon Valley Bank last week became the biggest casualty so far of surging US interest rates, collapsing on Friday. Annual urban inflation jumped 31.9% y-o-y in February, up from 25.8% in January. Monthly headline inflation accelerated to 6.5% from 4.7% in January. The government will unveil its largest-ever export subsidy program next week. CBE has sent investment banks a request to pitch for an advisory role in the sale of United Bank of Egypt. Egypt will withdraw from the multinational Gr...