The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 8 close; Iran-ceasefire shock; Nasdaq diverged positive | 7,482.71 | -0.28% |
| Dow Jones Jul 8 close; financials/industrials led decline | 52,348.39 | -1.09% |
| Nasdaq Composite Jul 8 close; chipmakers rebounded, Broadcom +4.8% | 25,870.65 | +0.20% |
| FTSE 100 Jul 8 close; energy-inflation concerns | 10,418.60 | -0.67% |
| DAX Jul 8 close | 24,948.18 | +0.20% |
| CAC 40 Jul 8 close | 8,271.57 | +0.23% |
| Nikkei 225 Jul 8/9 session | 67,743.85 | +1.38% |
| Hang Seng Jul 9 close; reversed prior-day 3% surge; MiniMax lock-up expiry weighed | 24,030 | -0.70% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 9 live; opened 51,443; 52-wk range 29,741–54,978 | 50,344 | n/a intraday |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | unchanged — MPC held 21 May 2026; easing cycle paused |
| Overnight lending | 20.00% | unchanged — MPC held 21 May 2026 |
| Main operation (1-wk repo) | 19.50% | unchanged — MPC held 21 May 2026 |
| Discount rate | 19.50% | unchanged — confirmed Apr 2, 2026 MPC; CBE MPR Q1-2026 |
| Treasury bills | ||
| 91-day | ~26.5% | CBE auction last updated 06 Jul 2026; secondary-market indicative yield post 170bps Q1 rise |
| 182-day | ~26.8% | CBE auction last updated 06 Jul 2026; indicative |
| 273-day | ~27.0% | indicative; CBE T-bills page last updated 06 Jul 2026 |
| 364-day | ~27.2% | indicative; CBE T-bills page last updated 06 Jul 2026 |
| Treasury bonds | ||
| 3-year | ~27.5% | CBE T-bonds fixed coupon page last updated 29 Jun 2026; indicative secondary |
| 5-year | ~27.8% | indicative secondary market |
| 10-year | ~28.2% | indicative; yields rose avg 170bps Q1 2026 per CBE MPR |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.58% |
| 1-year UST | 4.06% |
| 2-year UST | 4.21% |
| 3-year UST | 4.21% |
| 5-year UST | 4.31% |
| 10-year UST | 4.56% |
| 30-year UST | 5.06% |
| Euro Area | |
| ECB deposit facility | 2.25% |
| ECB main refinancing | 2.40% |
| ECB marginal lending | 2.65% |
| €STR | 2.18% |
| United Kingdom | |
| BoE Bank Rate BoE MPC; last cut May 2026 | 4.25% |
| SONIA overnight BoE SONIA; tracks Bank Rate | 4.20% |
| 10-year Gilt indicative Jul 8; tracking UST move on Iran inflation shock | 4.68% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 49.55 | -0.13% |
| EUR / EGP | 56.74 | +0.13% |
| GBP / EGP | 66.48 | +0.03% |
| SAR / EGP | 13.21 | flat |
| EUR / USD | 1.1452 | +0.15% |
| GBP / USD | 1.3412 | +0.10% |
| USD / JPY | 146.20 | -0.30% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Spot gold, Jul 8 close; dropped 0.9% as hawkish FOMC + Iran oil spike lifted real yields; Aug futures $4,095 | ▼ $4,068 |
| Brent Crude Jul 9 early morning (Fortune); settled $78.19 Jul 8 (+5.43%) on Trump ceasefire-over declaration | ▲ $79.25 |
| WTI Crude Aug futures; Jul 8 CNBC close +4.37%; Iran Hormuz disruption fears | ▲ $73.52 |
| Copper · HG indicative Jul 8; pressured by China demand uncertainty but partially supported by AI/data-centre buildout | — ~$4.55/lb |
(8 Jul) President Donald Trump said the interim ceasefire agreement with Iran is 'over' at the NATO summit in Ankara, Turkey, after the US launched a 'series of powerful strikes' against Iran in retaliation for Tehran's attacks on three commercial vessels transiting the Strait of Hormuz. Iran retaliated by targeting 85 US military sites in Bahrain and Kuwait. The escalation sent Brent crude surging 5.43% to $78.19 and pushed the 10-year UST yield to 4.58% on inflation-re-escalation fears.
Read full article → CNBC(8 Jul) Minutes from the Fed's June 16–17 meeting — the first chaired by Kevin Warsh — showed policymakers split, with a minority seeing a case for hiking rates if inflation stays elevated and a majority still open to cuts if prices ease. The release reinforced hawkish market pricing: CME FedWatch puts a 67% probability on a September rate hike, up from 62% the prior day. Eurozone bond yields also hit four-week highs on the read-across to global inflation risk.
Read full article → CNBC · Barchart(8–9 Jul) The US Treasury revoked the licence that had allowed Iranian crude sales following attacks on vessels in the Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Brent surged to $78.19 at Wednesday's close and pushed above $79 Thursday morning. The escalation marks a sharp reversal from earlier expectations of a supply glut driven by OPEC+ output increases, reigniting energy-inflation concerns globally.
Read full article → Trading Economics · Fortune(8 Jul) The Dow shed 576.76 points (-1.09%) to 52,348.39, while the S&P 500 fell 0.28% to 7,482.71. The Nasdaq bucked the trend, rising 0.20% to 25,870.65, lifted by Broadcom's gain after it expanded its Apple supply agreement and chipmakers broadly rebounding. Credit-sensitive names led losses: JPMorgan -2.5%, Visa -1.3%, American Express -3.8%.
Read full article → Yahoo Finance · Trading Economics(8–9 Jul) Micron Technology announced plans to expand US semiconductor manufacturing with $250 billion in new plant spending to meet AI-driven demand, sending a strong signal of domestic capex commitment. Separately, SK Hynix's US listing was reported to be more than seven times oversubscribed, underscoring strong investor appetite for memory chip exposure amid the AI buildout.
Read full article → BloombergEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The Central Bank of Egypt published its June 2026 CPI press release today, following the May reading of 14.6% annual urban headline inflation (May was the lowest since February 2026, as the transport shock from March fuel-price hikes faded). The June print is expected to show further moderation given base effects, though the renewed Iran conflict and oil spike above $79/bbl pose fresh upside risks to Q3 inflation. CBE projects inflation to average 16.0–17.0% in full-year 2026.
Read full article → CBE(8 Jul) The Central Bank of Egypt reported net international reserves of $55.072 billion at end-June 2026 (provisional), up from $53.134 billion at end-May — the highest level on record and a sharp recovery from $49.5bn at end-September 2025. The rise reflects strong remittance inflows, Suez Canal receipts (albeit curtailed by Hormuz tensions), and FDI. Reserves now cover approximately 8+ months of imports.
Read full article → Zawya · CBE(9 Jul) The CBE reported that remittances from Egyptians working abroad totalled $43.1 billion over the eleven months ending May 2026, a record pace equivalent to roughly 10% of GDP. The CBE's Q1 2026 Monetary Policy Report noted remittances rose from 6.8% of GDP in 2021 to 10.2% in 2025, materially strengthening Egypt's external position ahead of the Iran-US shock.
Read full article → CBE(9 Jul) The Governor of the Central Bank of Egypt held meetings today with Egypt's Minister of Foreign Affairs and the President of the African Export-Import Bank (Afreximbank). The CBE is also preparing to host Afreximbank's 33rd Annual Meetings at El Alamein, signalling continued engagement with pan-African financial institutions as Egypt seeks to diversify its external financing base.
Read full article → CBE(8 Jul) The IMF's July 2026 World Economic Outlook update raised Egypt's 2026 real GDP growth forecast to 4.6%, up from 4.4% in 2025, making Egypt an outperformer in a MENA region facing broader contraction. The Fund cited Egypt's resilient remittance base and reform momentum, while warning that a renewed Middle East conflict — now materialising — is the most imminent downside risk, with potential portfolio outflows and current-account stress if the Strait of Hormuz remains disrupted.
Read full article → Egypt Daily News(8 Jul) PM Mostafa Madbouly directed the ministerial economic group to update comprehensive scenarios for handling the economic fallout of renewed US-Iran military operations. Egypt faces twin pressures: higher import costs from elevated oil prices (Brent +5% on July 8) and potential reduction in Suez Canal revenues if Hormuz transit risks persist. The government is reviewing FY 2026/27 investment estimates accordingly.
Read full article → Egypt Today · Daily News Egypt(8 Jul) Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of UAE sovereign developer Modon Holding, to review progress on implementing the flagship $35bn Ras El Hekma coastal development project. The project remains Egypt's largest FDI inflow in history. Progress updates signal that UAE investment commitments are being maintained despite regional geopolitical turbulence.
Read full article → Daily News Egypt(8 Jul) President Abdel Fattah Al-Sisi reviewed implementation of Egypt's National Industrial Strategy 2026–2030, which aims to expand manufacturing's share of GDP and reduce import dependency. GAFI CEO Mohamed Awad stated the Egyptian economy 'continues to strengthen', while the World Bank projected real GDP growth of 4.3% in FY26 supported by broadening industrial output and stronger FDI.
Read full article → Daily News Egypt(8 Jul) The World Bank confirmed that Egypt's primary fiscal surplus reached 3.5% of GDP in FY25, supported by tax revenue gains and spending restraint, while central government debt declined to 82.5% of GDP from 90.1% at end-FY24. However, interest payments remain high at 10.6% of GDP, limiting fiscal space, with the debt-service burden a key constraint on the pace of further CBE rate cuts.
Read full article → World Bank(8 Jul) The CBE Q1 2026 MPR confirmed Egypt's current account deficit narrowed from 4.0% in 2021 to 3.4% of GDP in 2025, while FDI rose from 1.1% to 3.8% of GDP. The capital and financial account recorded a net inflow of $6.8bn in Q4 2025 — its highest since Q2 2024. However, portfolio outflows estimated at $6.1bn in the first half of March 2026 underscore Iran-shock vulnerability.
Read full article → CBE MPR Q1 2026(8 Jul) Mohamed Awad, CEO of GAFI, stated that Egypt's investment climate continues to improve, citing the growing number of companies operating in the Suez Canal Economic Zone and other industrial zones. Minister of Investment Mohamed Farid separately confirmed the ministry's openness to supporting entrepreneurship. Egypt-Germany economic relations are also gaining momentum on rising trade volumes and expanding German FDI.
Read full article → Daily News Egypt(21 Jun) Egyptian banks operating in Egypt formally adopted the ISO 20022 standard for financial transfers, per a CBE directive, aligning Egypt's payment infrastructure with global norms. The move enhances interoperability with international correspondent banks, reduces settlement friction, and supports the CBE's broader financial-sector modernisation agenda under the National Payments Strategy.
Read full article → CBE