Egypt's President Mohammad Morsi said on Saturday his government was in contact with both the Israelis and the Palestinians and there were indications that a ceasefire could be reached soon between the two sides. "There are some indications that there could be a ceasefire soon," Morsi said at a joint news conference with Turkish Prime Minister Recep Tayyip Erdogan. The Egyptian president stressed, however, that there were still "no guarantees," according to a report of DPA.