Pre-Trading Thoughts

US authorities announced they would guarantee all deposits in a bid to prevent a wider banking crisis. Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike, which will relieve the pressure off emerging markets. CBE noted that there are no negative repercussions on the Egyptian banking sector, from the failure of the American Silicon Valley Bank, since Egyptian banks do not have any deposits, investments, or financial transactions with Silicon Valley. The government will start...