Pre-Trading Thoughts

[Correction] The US Federal Reserve is expected this week to take the last step in its tightening cycle by raising interest rates by another 25 bps. The cabinet denied media reports that have claimed that the production at the Zohr gas field has declined due to technical problems. EGP-denominated bonds’ value rose on the Luxembourg Stock Exchange. The cost of insuring Egypt's 5-year sovereign debt (CDS rates) hit 12.76%, while non-deliverable forward contracts for the Pound again...