Pre-Trading Thoughts

Net International Reserves were almost flat in February, at USD40.99 billion compared to USD40.98 in January; Value of the gold component increased We expect annual urban inflation to jump to around 8% in February up from 7.2% in January, on surging food prices IMF: Economic consequences of the war in Ukraine are very serious creating an adverse shock to both inflation and economic activity FAO's benchmark gauge for world food prices went up in February by 24.1% YoY and 3.9% MoM, led by veget...