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 | 52,637.01 | +0.29% |
| Nasdaq Composite Jul 10 close | 26,281.61 | +0.29% |
| FTSE 100 Jul 11 close; DAX hit record intraweek | 10,679.03 | +0.30% |
| DAX 40 Jul 10 close; -2.76% on week on Iran tensions | 25,067 | -0.20% |
| CAC 40 Jul 11 (Yahoo Finance delayed) | 8,338.97 | +0.15% |
| Nikkei 225 Latest available (Yahoo Finance) | 68,557.73 | +1.20% |
| Hang Seng Latest available (Yahoo Finance) | 24,175.12 | +0.60% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 13 close; +54% y/y | 52,679.40 | +1.21% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit rate | 19.00% | Unchanged at Jul 9 MPC — 3rd consecutive hold |
| Overnight lending rate | 20.00% | Unchanged at Jul 9 MPC |
| Main operation rate | 19.50% | Unchanged at Jul 9 MPC |
| Discount rate | 19.50% | Unchanged at Jul 9 MPC |
| Treasury bonds | ||
| 10-year EGP bond (proxy) | ~22–23% | |
| 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 (latest business day) | |
| Fed funds target Unchanged; FOMC Jul 28–29 expected hold | 4.25–4.50% |
| SOFR overnight (NY Fed, Jul 10) | ~4.30% |
| 3-month Term SOFR (CME, Jul 10) Approximate; reflects ~58% Sep hike pricing | ~4.52% |
| 1-year UST Jul 10 estimate; not directly extracted | ~4.35% |
| 2-year UST Jul 10 close — Advisor Perspectives | 4.21% |
| 3-year UST Interpolated from 2y/5y curve Jul 10 | ~4.30% |
| 5-year UST Interpolated from Jul 10 curve | ~4.40% |
| 10-year UST Jul 10 close — Trading Economics / Advisor Perspectives | 4.54% |
| 30-year UST Approximate Jul 10; not directly extracted | ~4.88% |
| Euro Area — Jul 10, 2026 (latest available) | |
| ECB deposit facility rate | ~2.00% |
| €STR (overnight) Approximate, tracks ECB deposit rate less ~10bps | ~1.90% |
| EURIBOR 3M Approximate Jul 10; rate hike expectations pushing short end up | ~2.30% |
| EURIBOR 6M Approximate Jul 10 | ~2.55% |
| EURIBOR 12M June 2026 monthly average — Banco de España / EMMI | 2.798% |
| 10-year Bund yield Approximate Jul 10; elevated on rate-hike fears | ~2.85% |
| United Kingdom — Jul 10–11, 2026 (latest available) | |
| BoE Bank Rate | ~4.25% |
| SONIA overnight Approximate, tracks BoE rate | ~4.20% |
| 10-year Gilt yield Approximate Jul 10; not directly extracted | ~4.70% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 49.61 | +0.10% |
| EUR / EGP | ~54.90 | n/a |
| GBP / EGP | ~64.10 | n/a |
| SAR / EGP | ~13.23 | n/a |
| EUR / USD | ~1.107 | n/a |
| GBP / USD | ~1.293 | n/a |
| USD / JPY | ~145.5 | n/a |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 12 spot close (Trading Economics); -1.24% on day; -27% from Jan 2026 ATH $5,598; +21.76% y/y; Fed-hike fears remain headwind | ▼ $4,070 |
| Brent Crude Jul 10 close approx; +4.7% on week; US–Iran strikes disrupted Strait of Hormuz; 52w high $120.88 (Apr 30) | ▲ $75.50 |
| WTI Crude Jul 10 close approx; +4% on week; IEA warns prolonged tensions could delay inventory rebuild | ▲ $71.00 |
| Copper · HG Approximate Jul 10; volatile on Iran macro-risk; JPM notes copper macro risks not yet fully priced | — ~$4.40/lb |
(13 Jul) Brent crude climbed about 4% to around $79/bbl on Monday, snapping a two-day losing streak after the US and Iran exchanged fresh missile strikes over the weekend amid ongoing tensions over shipping through the Strait of Hormuz. Iran declared the strait closed 'until further notice', though the US Central Command rejected the claim. Tehran insists Washington must fulfil prior commitments before negotiations resume.
Read full article → Trading Economics(10 Jul) Gold fell and UST yields eased slightly on Friday as oil dipped from recent highs, but traders continued to price nearly a 60% probability of a 25 bp Fed hike by September. The June FOMC minutes showed only a few policymakers favoured an immediate hike, yet officials expressed growing inflation concern. Fed Chair Kevin Warsh announced leadership of five policy-review task forces, signalling potential procedural changes at the US central bank.
Read full article → Trading Economics · CNBC(10 Jul) US equities closed higher on Friday with the S&P 500 gaining 0.4% to 7,575.39, the Dow adding 150 points to 52,637, and the Nasdaq up 0.29% to 26,281 ahead of earnings season. SK Hynix ADRs surged 12.8% above offering price after raising $26.5 bn in the largest-ever US listing by a foreign company. Meta jumped 6% after SemiAnalysis published a positive AI-compute report; Nvidia advanced 4%.
Read full article → Trading Economics · Yahoo Finance(10 Jul) The International Energy Agency cautioned that a prolonged escalation in US–Iran hostilities could delay rebuilding global oil inventories and disrupt the expected oil-market balance. WTI settled around $71/bbl on Friday — up ~4% on the week — while Brent closed near $76, recording a ~5% weekly gain. Shipping through the Strait of Hormuz, which handles around 20% of world oil and gas trade, remains significantly disrupted.
Read full article → Trading Economics(12 Jul) Spot gold fell to $4,070/oz on July 12, down 1.24% on the day and roughly 27% below its January 2026 all-time high of $5,598. The commodity has suffered as the US–Iran war reversed expectations for Fed rate cuts, with markets now pricing ~58% odds of a September hike. Metals Focus expects consolidation over summer but sees a Fed pause as the base case, anticipating a resumption of gold's longer-term rally.
Read full article → Trading Economics · BullionVaultEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The CBE's Monetary Policy Committee kept the overnight deposit rate at 19%, lending rate at 20%, and both the main operation and discount rates at 19.5% — the third consecutive hold since its year-long 825 bp easing cycle concluded in February 2026. The MPC cited headline inflation slowing to 14.3% in June (lowest since before the US–Iran conflict) but warned that the CBE's Q4 2026 target of 7%±2% faces heightened upside risks if conflict persists.
Read full article → Egypt Today · CBE(8 Jul) Egypt's net international reserves rose to a historic high of $55.07 bn at end-June 2026, up $1.93 bn from $53.13 bn in May, according to the CBE. The growth reflects stronger remittances, rising tourism revenues, and improved export activity. The milestone reinforces Egypt's external resilience despite regional geopolitical tensions and earlier portfolio outflows.
Read full article → CBE · Economy Middle East(12 Jul) The CBE's balance-of-payments release showed the overall BoP deficit narrowed to $1.8 bn in the first nine months of FY2025/26 (Jul–Mar), down from $1.9 bn a year earlier. Net FDI surged to $13 bn from $9.8 bn, aided by the $3.5 bn Alam El-Roum deal. Remittances surged 32% to $34.9 bn; tourism revenues rose 14.9% to $14.4 bn; Suez Canal receipts rose 22.1% to $3.2 bn. However, portfolio investments recorded a net outflow of $4.4 bn.
Read full article → Daily News Egypt · CBE(9 Jul) Urban headline CPI inflation eased to 14.3% y/y in June 2026 (CBE measure) from 14.6% in May, the third consecutive monthly deceleration and the lowest reading since before the outbreak of the US–Iran conflict. Monthly CPI fell 0.4% m/m in June, reversing a 1.6% rise in May, driven by seasonal food price declines. Core inflation ticked up slightly to 14.3% from 13.8% in May on a y/y basis.
Read full article → CBE · Zawya · Amwal Al Ghad(9 Jul) Remittances from Egyptians working abroad reached $43.1 bn in the first eleven months of FY2025/26 (July–May), representing a 31.2% increase from $32.8 bn in the same period a year earlier, according to the CBE. Monthly remittances in May 2026 were $3.9 bn, up from $3.4 bn in May 2025. The inflows have been a critical anchor for Egypt's external position and NIR build-up.
Read full article → CBE · MENA Market Lab(12 Jul) A consortium of four leading Egyptian banks arranged a EGP 4 bn syndicated loan for Ora Developers Egypt to finance remaining construction works on one of its major real-estate projects, according to Daily News Egypt. The deal reflects continued bank lending to the real-estate sector despite elevated interest rates, and follows CBE guidance to the banking sector on supporting national development initiatives.
Read full article → Daily News Egypt(Released Jun/Jul) The CBE's H1 FY2025/26 BoP report showed the current account deficit narrowed by 13.6% to $9.5 bn from $10.9 bn. Key drivers: remittances rose 29.6% to $22.1 bn, tourism revenues rose 17.3% to $10.2 bn, and Suez Canal receipts increased 19% to $2.2 bn. Portfolio investments swung to a net inflow of $5.0 bn from a net outflow of $3.2 bn previously.
Read full article → CBE(9 Jul) Starting July 20, the Egyptian government will increase the minimum monthly income for state employees to EGP 8,000. Employees subject to the Civil Service Law will receive a 12% annual increment on their functional wage, while those outside the law will receive 15%. All public sector employees will additionally receive a EGP 750 supplementary allowance — a measure that will add to the fiscal wage bill.
Read full article → MENA Market Lab(Jul) Egypt issued $500 mn in Samurai bonds backed with a partial guarantee from France's Agence Française de Développement (AFD), split between $350 mn at 5-year tenor and $150 mn at 10-year. The privately-placed issuance diversifies Egypt's funding base and signals continued investor appetite for Egyptian sovereign credit despite geopolitical headwinds.
Read full article → MENA Market Lab(13 Jul) The EGX 30 rose +1.21% to close at 52,679.40 on July 13, with volume at 328.6 mn shares. The rally follows the CBE's July 9 hold decision and the record $55.07 bn reserves figure. The index peaked at 54,978.9 in May 2026 and has declined roughly 4.2% over the past month, but remains up approximately 54% year-on-year.
Read full article → Yahoo Finance · TradingView(12 Jul) Egypt's Minister of Investment and Foreign Trade, Mohamed Farid, and British Ambassador Mark Bryson-Richardson reviewed the scope for deeper bilateral ties. Separately, economic relations between Egypt and Germany are gaining renewed momentum, supported by rising trade volumes, expanding German investments, and deepening cooperation across industrial and technology sectors, according to Daily News Egypt.
Read full article → Daily News Egypt(9 Jul) Egypt's energy import bills rose by 30% in H1 2026 from the same period in 2025 to $12.5 bn from $9.6 bn, driven by both higher prices and higher volumes. LNG imports surged by 259% in 2025 alone, reflecting Egypt's structural shift from being a natural gas exporter to a LNG importer — a key risk for the current account and foreign currency reserves.
Read full article → MENA Market Lab