Pre-Trading Thoughts

Following several days of volatility, US stocks rose, with bank shares regaining much of the losses triggered by the collapse of several US lenders last week. Markets were also supported by the fact that annual US inflation continued to decline in February, in the hope of a dovish rate decision next week. Moody’s has downgraded its outlook for the US banking sector to negative from stable due to the rapid deterioration in the operating environment. Egypt’s real economy grew...