The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 10 close; +9.6% H1 2026 | 7,575.39 | +0.42% |
| Dow Jones Jul 10 close; Nvidia +3.91% led gains | 52,637.01 | +0.29% |
| Nasdaq Composite Jul 10 close; SK Hynix ADR debut +12.8% | 26,281.61 | +0.29% |
| FTSE 100 Jul 10 close; down 1.7% on week; AstraZeneca -3.5% weighed | 10,497 | +0.23% |
| DAX 40 Jul 11 intraday reference; hit ATH 25,826 on Jul 4 | 25,118 | +0.89% |
| CAC 40 Jul 11 intraday reference | 8,339 | +0.15% |
| Nikkei 225 Jul 10 close; SoftBank +10.7%, semiconductor rally | 68,558 | +1.20% |
| Hang Seng Jul 10 close (prev session -0.70%) | 24,175 | +0.60% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 12 close (EGP); +61.7% past 12 months | 52,679 | +1.21% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Held at Jul 9 MPC — 3rd consecutive hold; follows 825bps of cuts Apr 2025–Feb 2026 |
| Overnight lending | 20.00% | Held at Jul 9 MPC; ceiling of CBE corridor |
| Main operation rate | 19.50% | Held at Jul 9 MPC |
| Discount rate | 19.50% | Held at Jul 9 MPC |
| Treasury bills | ||
| 12-month T-bill | ~24.7% | Latest auction yield per HC Securities; implies ~6.78% positive real rate (15% tax adjusted) |
| Treasury bonds | ||
| Egyptian Eurobond avg | Spread +170bps avg vs Q4-2025 | Q1 2026 CBE MPR; specific domestic 3/5/10y EGP yields not published in today's sources |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.53% |
| 1-year UST | 4.06% |
| 2-year UST | 4.21% |
| 3-year UST | 4.22% |
| 5-year UST | 4.30% |
| 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 States (Jul 10, 2026 — Fed H.15 / Seeking Alpha / TradingEconomics) | |
| Fed funds target | 3.50–3.75% |
| Effective fed funds (EFFR) | 3.63% |
| 10-year UST Eased from 4.58% wk-high on lower oil & Iran peace talk hopes | 4.54% |
| 2-year UST | 4.21% |
| 30-year UST CNBC Jul 7: 30y trading above 5% level | >5.00% |
| SOFR overnight | ~3.63% |
| Euro Area (week of Jul 7–10, 2026) | |
| ECB deposit facility rate | ~2.00% |
| EURIBOR 12M As of Jul 6, 2026 per euribor.live (ECB/EMMI source) | 2.693% |
| EURIBOR 3M | ~2.15% |
| EURIBOR 6M | ~2.40% |
| 10-year Bund Euro Area 10Y govt bond yield Jul 7 per TradingEconomics | ~3.38% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | ~49.10 | stable |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 10 close; down ~1.72% on the day; off ~10% from Apr 2026 ATH of ~$4,574; Hormuz risk premium partially unwound | ▼ $4,114.70 |
| Brent Crude · ICE Jul 10 close; +~5% on week as Hormuz disruption kept risk premium; IRGC declared closure 'until further notice' Jul 11 — watch Monday open | ▲ $76.00 |
| WTI Crude · NYMEX Jul 10 close; -0.93% on day; +~3.5% on week; Iran peace talks continuing per Qatari mediation | ▲ $71.41 |
(11 Jul) Iran's Islamic Revolutionary Guard Corps navy announced Saturday that the Strait of Hormuz would be closed until further notice and claimed a commercial vessel had been halted by a warning shot, raising the prospect of a dramatic escalation in the US-Iran conflict. The announcement adds acute energy supply risk heading into the Sunday-Monday Asia open, potentially sending Brent sharply higher.
Read full article → ABC News · CNN(11 Jul) Iranian Foreign Minister Abbas Araghchi met his Omani counterpart Sayyid Badr Albusaidi in Muscat to discuss safety and freedom of navigation in the Strait of Hormuz, with both sides agreeing to further technical and political talks. The diplomatic outreach signals some off-ramp potential even as military exchanges continue.
Read full article → CNN · Oman News Agency via CNN(10 Jul) The International Energy Agency cautioned that a prolonged US-Iran conflict could undermine plans to rebuild global oil inventories later this year after recent supply losses through the Strait of Hormuz. Vessel tracking data showed traffic through the strait remained significantly below normal, keeping a risk premium in oil prices even as UAE raised crude output to a record.
Read full article → TradingEconomics / Reuters · Forbes Advisor(10 Jul) US stocks closed higher on Friday with the S&P 500 at 7,575 (+0.42%) and Dow at 52,637 (+0.29%), driven by semiconductor momentum. SK Hynix's American Depositary Receipt debut — raising $26.5bn in the largest-ever US listing by a foreign company — surged 12.8% above its offering price, lifting Nvidia +3.9% and AMD +2%.
Read full article → Yahoo Finance · TradingEconomics · CNBC(10 Jul) The 10-year US Treasury yield fell to 4.54% on Friday — its second consecutive session of declines — as easing oil prices reduced near-term inflation fears following reports of continued US-Iran peace talks. Nonetheless, markets continue to price a ~64% probability of a Fed rate hike at the September 2026 FOMC meeting, with Chair Warsh announcing five policy-review task forces.
Read full article → TradingEconomics · Seeking Alpha · CNBCEgypt 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 at 19.00%, overnight lending at 20.00%, main operation and discount rates at 19.50% — the third consecutive hold since the 825bps easing cycle that ran April 2025 to February 2026. The MPC cited annual headline inflation declining to 14.3% in June, a slight Q2 GDP moderation, and ongoing geopolitical risks. Inflation is projected to reach single-digit levels approaching the 7±2% target in H2 2027.
Read full article → Daily News Egypt · CBE · TradingEconomics(8 Jul) The Central Bank of Egypt reported net foreign exchange reserves of $55.07bn at the end of June 2026 — a historic high — up $1.93bn from May's $53.13bn. The increase was driven by strong export activity, rising tourism revenues, and surging remittances. Record FX buffers reinforce Egypt's external resilience amid regional conflict spillovers.
Read full article → Economy Middle East · CBE(9 Jul) The CBE reported that remittances from Egyptians working abroad recorded $43.1bn over the first eleven months of fiscal year 2025–2026, representing a 33.2% increase in the first ten months on a year-on-year basis. Monthly remittance inflows in April 2026 alone rose 44% YoY to approximately $4.3bn, providing critical support to Egypt's balance of payments.
Read full article → CBE · Economy Middle East(28 Jun) Egypt's EGX held an opening bell ceremony for the temporary listing of four state-owned companies — engineering firm ENPPI ($357.1mn issued capital), Egyptian Linear Alkyl Benzene ELAB ($210mn), Petroleum Marine Services PMS ($120mn), and Maamoura for Construction and Tourism Development (EGP 250mn). The move brings the total of temporarily listed companies under the state IPO programme to 20 of the announced 30. The government targets $3–4bn in divestment revenues by end-2026.
Read full article → Arab Finance · Sada Elbalad · AGBI(6 Jun–recent) Prime Minister Madbouly confirmed Egypt plans to offer 4–5 further state-owned companies on the EGX before year-end, beyond the 20 already temporarily listed. Ten petroleum-sector companies are entering the temporary listing process as part of the State Ownership Policy. The government also launched its 2nd State Ownership Policy Document for 2026–2030, setting the framework for asset divestment aligned with the IMF Extended Fund Facility.
Read full article → Arab Finance · Enterprise AM(May–Jul) An IMF staff mission is expected to lead to a roughly $1.6bn disbursement this summer from the $8bn Extended Fund Facility. Enterprise AM and EnterpriseAM noted that the remaining two IMF reviews require tangible divestment progress to unlock the final $3.3bn of EFF tranches plus additional Resilience and Sustainability Facility inflows. Egypt's tax revenues rose 29% in Jul 2025–Mar 2026 without additional tax burdens.
Read full article → Asharq Al-Awsat via NewsNow · Enterprise AM(12 Jul) A consortium of four leading Egyptian banks arranged a EGP 4 billion syndicated loan for Ora Developers Egypt to finance remaining construction works, according to Daily News Egypt. The deal reflects continued banking-sector appetite for large real-estate project finance as Egypt's New Administrative Capital and mega-development projects advance.
Read full article → Daily News Egypt(Recent) Korra Energi secured a EGP 470.7mn integrated works contract for GennVax Egypt's vaccine manufacturing facility in the Ain Sokhna Suez Canal Economic Zone, with scope potentially extending by EGP 100mn. The Ain Sokhna plant is designed to start production at 70–80mn doses per year, scaling to 270mn at full capacity — part of Egypt's pharmaceutical localisation push.
Read full article → Enterprise AM(Recent) Singapore-based Indorama is in advanced discussions for a combined $348mn debt package from the IFC ($174mn) and EBRD ($174mn) for its greenfield phosphate fertilizer complex in Ain Sokhna. Once operational, the $525mn facility is expected to produce 600k tonnes per annum of phosphate fertilizers alongside sulfuric and phosphoric acid — a key step in Egypt's green chemical industrialisation.
Read full article → Enterprise AM(Recent) PM Madbouly directed Egypt's ministerial economic group to update comprehensive scenarios for handling the economic fallout from the US-Israel-Iran war. Notably, Suez Canal revenues rose approximately 27% YoY to $1.56bn in the first four months of FY26, while worker remittances increased ~38% YoY to $17bn in the same period — showing resilience. However, the canal sector faces continued uncertainty from Hormuz disruptions.
Read full article → Egypt Today · HC Securities / EGYGateNews(12 Jul) Egypt's Minister of Investment and Foreign Trade Mohamed Farid met British Ambassador Mark Bryson-Richardson to review expanding economic relations, ahead of an expected visit by UK Prime Minister Keir Starmer to Egypt this month. Germany-Egypt economic ties are also deepening, with rising trade volumes and expanding German investments according to Daily News Egypt.
Read full article → Daily News Egypt · Enterprise AM(Recent) The World Bank highlighted that Egypt's primary 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 at end-FY25 from 90.1% at end-FY24. However, interest payments remain high at 10.6% of GDP, limiting fiscal space. Official FX reserves plus other assets reached $67.5bn as of end-February 2026.
Read full article → World Bank