Pre-Trading Thoughts

*Key news articles for today* The state has appointed an advisor to value Banque du Caire, Prime Minister said during his weekly presser yesterday. “The last valuation has become outdated,” Madbouly said, adding that work on the process has begun. The state will then decide on the size of the stake to offer, either to a strategic investor, or through a stake sale on the EGX, he said. The US Federal Reserve held interest rates steady for the second time at the 4.25%-4.50% range. While ec...