Keeping an eye on what the weekly and monthly market data will be much more illuminating, as major trend changes show up on the technical side well ahead of the fundamentals.
Though the focus of attention in markets will likely remain on Cyprus for the rest of the day, investors will also keep an eye on existing U.S. home sales and weekly jobless claims figures.
Port Said could present "a new model for civilian-military relations in the comeback of the military to political life and Morsi surely will keep an eye on it, " said Galal Nasser, chief editor of Al-Ahram Weekly and a fellow at the Nasser Military Academy.