The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 9 Jul close; chip rebound led by Micron +4.5%, Sandisk +7.6% | 7,543.64 | +0.81% |
| Dow Jones 9 Jul close; Cisco +3.77%, AmEx +2.94%, GS +2.51% | 52,487.41 | +0.27% |
| Nasdaq Composite 9 Jul close; SK Hynix Nasdaq debut 10 Jul | 26,206.89 | +1.30% |
| FTSE 100 9 Jul close; AstraZeneca -8% dragged index despite broader European gains | 10,472.45 | -0.16% |
| DAX 40 9 Jul close; crossed 25,000 led by Infineon, Siemens | ~25,118 | +0.53% |
| CAC 40 9 Jul close; tech/semiconductor sentiment drove gains | ~7,890 | +0.90% |
| Nikkei 225 9 Jul close (Yahoo Finance data) | 67,743.85 | +1.38% |
| Hang Seng 9 Jul close | 24,030.18 | -0.70% |
| Index | Level | Change |
|---|---|---|
| EGX 30 10 Jul close (EGX); up 25%+ YTD | 52,679.40 | +1.21% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged — 3rd consecutive hold; effective 15 Feb 2026 after 100bps cut |
| Overnight lending | 20.00% | Unchanged — 3rd consecutive hold |
| Main operation | 19.50% | Unchanged |
| Discount rate | 19.50% | Unchanged; MPC decision 9 Jul 2026 |
| Treasury bills | ||
| 12-month T-bill (364-day) | ~24.70% | Latest auction yield (HC Securities / Arab Finance, ~5 Jul 2026); implies real rate ~+6.8% on 14% inflation estimate |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.58% |
| 1-year UST | 4.02% |
| 2-year UST | 4.16% |
| 3-year UST | 4.18% |
| 5-year UST | 4.27% |
| 10-year UST | 4.54% |
| 30-year UST | 5.05% |
| 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 | ~4.25% |
| SONIA overnight | ~4.20% |
| 10-year Gilt yield | ~4.80% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 49.61 | +0.01% |
| EUR / EGP | 56.74 | +0.13% |
| GBP / EGP | 66.48 | +0.03% |
| SAR / EGP | ~13.22 | n/a |
| EUR / USD | 1.1437 | +0.03% |
| GBP / USD | 1.3400 | +0.10% |
| USD / JPY | ~159.33 | -0.21% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD 9 Jul 2026 (Yahoo Finance); eased ~1.7% on the day amid broad risk-on rotation to equities | ▼ ~$4,173 |
| Brent Crude · Sep-26 9 Jul early (Reuters / Offshore Technology); fell ~1.3% as traders weighed Hormuz diplomacy signals after Trump said Iran 'called wanting a deal' | ▼ ~$76.99 |
| WTI Crude · Aug-26 9 Jul early (Reuters); down ~1.2%; Goldman Sachs base-case $75–85 range over next month | ▼ ~$72.64 |
| Natural Gas · Henry Hub 9 Jul 2026 (Investing.com futures); -3.35% on the day | ▼ ~$3.23 |
(9 Jul) US forces launched fresh strikes on Iranian targets for a second straight day, aiming to protect freedom of navigation in the Strait of Hormuz after Iran attacked three cargo ships and a Qatari LNG tanker. Trump declared the interim ceasefire 'over' and threatened to target Iran's Kharg Island export terminal. Vessel-tracking data showed Hormuz transits grinding to a near-halt, raising fears over the ~20% of global oil and LNG that normally transits the strait.
Read full article → Bloomberg · Reuters · Al Jazeera(9 Jul) Wall Street indices closed higher on Thursday, led by a sharp rebound in semiconductor names ahead of SK Hynix's hotly anticipated Nasdaq debut on 10 July. Micron rose 4.5%, Sandisk +7.6%, and Applied Materials +3.2%. The VanEck Semiconductor ETF climbed 2.5%. The moves helped investors look past escalating US-Iran hostilities, while declining oil prices and easing bond yields added to the positive tone.
Read full article → CNBC · Stocktwits(8–9 Jul) The 10-year US Treasury yield climbed to 4.58%–4.60% — its highest since mid-May — as surging oil prices from renewed US-Iran hostilities rekindled fears of sticky inflation. Fed futures showed the implied probability of a September rate hike rising to ~70%, up from 58% the prior day. FOMC minutes released in the period highlighted that 'a few' officials saw the case for a hike given robust labour markets and elevated core readings.
Read full article → Trading Economics · CNBC(9 Jul) Initial jobless claims for the week ended 4 July fell 4,000 to a seasonally adjusted 215,000, below the 218,000 consensus and the lowest level since 23 May. Continuing claims edged up 8,000 to 1.814 million. The resilient labour market data added to hawks' arguments at the Fed, reinforcing the case for a cautious hold or possible hike.
Read full article → CNBC(9 Jul) London's FTSE 100 closed 0.16% lower at 10,472.45 as AstraZeneca fell nearly 8% after its heart disease drug Wainua failed a late-stage clinical trial. Continental European peers outperformed: DAX gained ~0.53% crossing 25,000 and the CAC 40 rose 0.90%, both buoyed by semiconductor sentiment tied to the SK Hynix debut. The FTSE's defensive weighting limited its participation in the tech-driven rally.
Read full article → CNBC · BBNTimesEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The Monetary Policy Committee kept the overnight deposit rate at 19.00%, the overnight lending rate at 20.00%, and both the main operation rate and discount rate at 19.50% — its third consecutive hold since the 100bps cut in February 2026. The decision was accompanied by new CAPMAS data showing annual urban headline inflation slowed to 14.3% in June from 14.6% in May, driven by a 3.2% m/m fall in food prices. Analysts at Beltone Financial now see a non-trivial chance of a 100bps hike in 3Q 2026 if headline prints reach 16–17%.
Read full article → Egypt Today · Middle East Observer · DailyNewsEgypt(9 Jul) CAPMAS reported annual urban inflation at 14.3% in June 2026, slipping for the third consecutive month. Monthly CPI contracted 0.4%, one of the few negative monthly prints this year, led by a seasonal drop in food and non-alcoholic beverages (-3.2% m/m). Separately, the CBE reported core CPI rose to 14.3% y/y (from 13.8% in May) while m/m core was a muted +0.3%. The CBE will publish its monthly inflation note on 15 July.
Read full article → Middle East Observer · Amwal Al Ghad · CBE(8 Jul) The CBE published a provisional figure showing net international reserves reached USD 55,072.3 million at end-June 2026, up from USD 53.1 bn at end-May. The improvement reflects continued inflows from remittances, tourism, and — increasingly — EU macro-financial assistance. The reserve buffer provides Egypt with approximately 8+ months of import cover.
Read full article → CBE(9 Jul) The CBE reported remittances from Egyptians working abroad reached USD 43.1 billion over the first eleven months of FY 2025/26, a record and a ~38% year-on-year increase. HC Securities noted remittances rose c38% y/y to USD 17 bn in the first four months of calendar 2026 alone. The surge reflects the stronger EGP carry and formal channel incentives.
Read full article → CBE · Arab Finance / HC Securities(4–5 Jul) Foreign Minister Badr Abdelatty announced Egypt expects to receive €1.5 billion — the first of two remaining tranches from the EU's €5 billion macro-financial assistance programme — within days, with the final €1.5 bn tranche targeted by early autumn. The EU has disbursed €2 bn to date (€1 bn in Jan 2025, €1 bn earlier in 2026). European Commissioner Suica called Egypt 'an indispensable partner' for Mediterranean stability. The broader EU package totals €7.4 bn including €1.8 bn in investment guarantees.
Read full article → Reuters · Arab News · Middle East Online(10 Jul) The EGX 30 closed at 52,679.40, up 632 points (+1.21%), tracking global risk-on sentiment driven by the chip-stock rebound. The index has gained approximately 25% year-to-date and is 61.7% higher than a year ago (Investing.com). Turnover has been elevated, running at multi-month highs in recent sessions.
Read full article → Yahoo Finance / EGX · Investing.com(recent) EGX Vice Chairman Mohamed Sabry finalised terms for the temporary listing of six state-owned companies: four on the main market (Sinai Manganese, Yayat, El Abd Contracting, El Nasr Housing) and two on the SME segment (National Assets Management, NIRCO). Separately, Premier Madbouly met Petroleum Minister Badawi to review plans to list ten petroleum companies on the EGX as part of the privatisation programme the IMF monitors as a structural benchmark.
Read full article → African Markets · Enterprise AM(recent, Enterprise AM) Three long-running privatisation plays are moving simultaneously on the EGX: offers have been received for Safi, an IPO timeline has been finalised for Quick Fuel (Wataneya's vehicle — 172 stations, with Taqa Arabia as operator holding a 10% stake), and Elab has filed for a temporary EGX listing. Qalaa Holdings also disclosed plans to buy an additional 11.45% of Taqa Arabia to add to its existing ~6.2% position.
Read full article → Enterprise AM(4–5 Jul) Foreign Minister Abdelatty stated Egypt has incurred approximately $10.5 billion in cumulative Suez Canal revenue losses from disrupted Red Sea navigation. However, HC Securities separately noted Suez Canal revenues have risen ~27% y/y to USD 1.56 bn in the first four months of 2026, reflecting some traffic normalisation along alternative routes before the latest US-Iran flare-up. The CBE's Q1 2026 Monetary Policy Report highlighted Canal receipts as a key FX source.
Read full article → Egypt Today · Arab Finance / HC Securities(9–10 Jul) The USD/EGP rate was around 49.61 on 10 July, within a tight recent range of 48.78–49.67. HC Securities noted the EGP had appreciated ~11% from its early-April peak of ~EGP 54.7/USD, limiting the YTD depreciation to ~3%. The pound's relative stability — supported by record reserves, strong remittances and portfolio inflows — has been a key anchor for the CBE's hold decision.
Read full article → Investing.com · Trading Economics · HC Securities / Arab Finance(9 Jul MPC statement) The CBE revised its full-year FY 2025/26 real GDP growth forecast to 4.9%, from a prior 5.1%, citing weaker Suez Canal revenues and geopolitical headwinds. Its 1Q 2026 nowcast was 4.8–5.0%, down from 5.3% growth in 4Q 2025. Non-petroleum manufacturing, trade and communications continue to support activity, but the energy sector and tourism uncertainty weigh on the outlook.
Read full article → Ahram Online · CBE MPC Statement(9 Jul) Bloomberg reported that Egyptian inflation slowed for the third consecutive month — the June CAPMAS print subsequently confirmed at 14.3% — though new risks from US-Iran peace-talk fragility prompted the MPC to maintain its cautious stance. Analysts flagged that if disinflation continues through August, the CBE could resume rate cuts in 3Q 2026, though potential fuel subsidy adjustments and electricity tariff hikes pose upside inflation risks.
Read full article → Bloomberg