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Positive inflation report offers relief to battered US stocks
The S&P 500 briefly entered correction territory earlier this week
Inflation slips to its lowest level in nearly 3 years in February
Annual headline urban inflation plunged to 12.8% in February
All eyes are on US inflation data this week, while China faces deflationary pressures
US core CPI likely rose 0.3% in February, while China’s CPI fell 0.7%
Egypt’s inflation projected to have dipped sharply in February -EnterpriseAM poll
Analysts are divided just over how far Egypt’s headline inflation reading will fall in February
EBRD trims Egypt’s 2025 growth forecast
The EBRD now sees the economy growing at a 4.2% clip in 2025
Egypt’s competition watchdog targets 162 chick producers in price-fixing probe
The authority’s investigation found the accused companies colluding daily to fix broiler chick prices for poultry farmers and exchanging sensitive…
European stocks deliver their best performance against the US in a decade following Trump’s inauguration
Delayed US tariffs and potential peace in Ukraine are the main drivers of the rally in European stocks
CBE holds interest rates steady for the seventh consecutive meeting
The CBE saw that “the current policy rates are appropriate to maintain a sufficiently tight monetary stance”
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