Pre-Trading Thoughts

The Fed gave a clear indication that it plans to ease rate hikes, according to the minutes released yesterday. Emerging-market debt to GDP ratio reached a record high in 3Q2022 at 254% even as the amount of debt slipped during the quarter, according to Institute of International Finance (IIF), matching the all-time high recorded in 1Q2022, due to widening budget deficits and weaker economic growth. The Egyptian Businessmen’s Association (EBA) and some MPs calling on ministers to rethink the...