The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 13 close; US-Iran Hormuz escalation and oil spike weighed on equities | 7,515.34 | -0.79% |
| Dow Jones Jul 13 close | 52,498.64 | -0.26% |
| Nasdaq Composite Jul 13 close; semiconductor names led decline | 25,873.18 | -1.55% |
| FTSE 100 Jul 14 intraday (Yahoo Finance); energy sector supporting | 10,497.29 | +0.24% |
| DAX Jul 14 intraday (Yahoo Finance) | 25,067.09 | -0.20% |
| CAC 40 Jul 14 intraday (Yahoo Finance) | 8,338.97 | +0.15% |
| Nikkei 225 | ~38,100 | -2.00% |
| Hang Seng Jul 14 intraday (Yahoo Finance) | 24,175.12 | +0.60% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 13 close (Trading Economics / Enterprise); up 25.8% YTD; international investors sole net buyers | 52,608 | +0.67% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged at Jul 9 MPC — third consecutive hold, pausing easing cycle |
| Overnight lending | 20.00% | Unchanged at Jul 9 MPC |
| Main operation | 19.50% | Unchanged at Jul 9 MPC |
| Discount rate | 19.50% | Unchanged at Jul 9 MPC; effective from 15 Feb 2026 |
| Treasury bills | ||
| 91-day | ~23.5% | |
| 182-day | ~24.0% | Estimated; CBE auction page last updated 12 Jul 2026 |
| 273-day | ~24.3% | Estimated; CBE auction page last updated 12 Jul 2026 |
| 364-day | 24.70% | HC Securities cited latest 12M T-bill yield of 24.7% as of early Jul 2026 |
| Treasury bonds | ||
| 3-year | ~24.5% | Indicative secondary market; CBE EGP T-Bills Secondary Market page last updated 16 Jun 2026 |
| 5-year | ~24.8% | Indicative secondary market |
| 10-year | ~25.2% | Indicative; Eurobond yields increased avg 170bps in Q1 2026 per CBE MPR |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.55% |
| 1-year UST | 4.12% |
| 2-year UST | 4.26% |
| 3-year UST | 4.30% |
| 5-year UST | 4.37% |
| 10-year UST | 4.62% |
| 30-year UST | 5.10% |
| 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 Last cut May 2025; BoJ-style wait-and-see amid inflation; next MPC meeting Aug 7 2026 | 4.25% |
| SONIA (overnight) Tracks BoE Bank Rate less ~5bps; approx | ~4.20% |
| 10-year Gilt Jul 2 2026 (sofrrate.com — UK nominal par gilt yield) | 4.75% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.21 | +1.21% |
| EUR / EGP | ~55.80 | ~+0.9% |
| GBP / EGP | ~67.00 | ~+0.9% |
| SAR / EGP | ~13.39 | flat |
| EUR / USD | 1.1100 | -0.43% |
| GBP / USD | 1.3340 | -0.01% |
| USD / JPY | ~158.5 | +0.42% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 13 spot close (CNBC); down ~24% from Jan 29 ATH of $5,355; oil/inflation re-pricing pressuring non-yielding gold | ▼ $4,071 |
| Brent Crude Jul 13 2026 (Forbes Advisor); US-Iran strikes and de-facto Hormuz closure driving risk premium; 52-wk high $126.41 | ▲ $78.73 |
| WTI Crude Jul 13 2026 (CNBC); day range $72.61–$75.08 (Investing.com Jul 14) | ▲ $73.78 |
| Natural Gas (Henry Hub) | ▲ ~$4.20/MMBtu |
(14 Jul) The Bureau of Labor Statistics released June CPI at 8:30am ET on July 14, simultaneously with Q2 earnings from JPMorgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup. Consensus called for headline CPI -0.1% m/m (annual rate ~3.9%, down from 4.2% in May), driven by a ~10% June gasoline price decline from the short-lived US-Iran ceasefire. Core CPI (ex-food & energy) was expected to hold at ~2.9% y/y — the Fed's key watch metric. Fed Chair Warsh simultaneously began his inaugural semi-annual congressional testimony, adding a hawkish re-pricing risk if core inflation remains sticky as oil surges again post-ceasefire collapse.
Read full article → IG UK · Yahoo Finance · Kraken Blog · TradingKey(13 Jul) The United States and Iran exchanged missile strikes over the weekend, with Tehran declaring the Strait of Hormuz closed 'until further notice' — a claim rejected by US Central Command. The S&P 500 fell 0.79% to 7,515.34 and the Nasdaq dropped 1.55% as oil prices surged roughly 4%, with Brent rising to ~$78.73/bbl. Iran also attacked US allies in the region, including a Kuwaiti offshore drilling platform — the first direct strike on energy infrastructure in weeks. Hormuz traffic has fallen to a five-week low and Goldman Sachs warned the risk premium may persist.
Read full article → CNBC · Irish Times (FT) · Trading Economics · oilprice.com(13–14 Jul) JPMorgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup all reported Q2 2026 results pre-market on July 14. The macro backdrop — 2% GDP growth, low credit-card delinquencies, active capital markets — was broadly supportive, with options markets pricing implied moves of 4.4%–6.0% per name. JPMorgan had earned $16.5bn net income in Q1 with a 23% ROTCE; Goldman led Q1 revenue at $17.23bn (+89% advisory fees y/y). Analysts said the critical signals would be net interest margin guidance, loan-loss provisions, and management outlook on the second half of 2026.
Read full article → TechTimes · Intellectia AI · Yahoo Finance · Investing.com(11–13 Jul) European equities ended the prior week mixed: the FTSE 100 edged higher on energy sector support while the DAX and CAC 40 closed fractionally lower. German headline annual inflation was confirmed at 2.3% in June with core prices steady, keeping ECB July 24 rate expectations anchored. The Bank of Japan was widely expected to hold rates at its July meeting. IEA warned that prolonged US-Iran tensions could delay rebuilding global oil inventories and disrupt the expected oil market balance.
Read full article → investingLive · Trading Economics(13 Jul) Asia-Pacific equity markets fell broadly Monday amid rising geopolitical tensions. South Korea's Kospi fell 8% and triggered a trading halt, while Japan's Nikkei 225 dropped ~2% and China's CSI 300 fell 1.7%. SK Hynix tumbled more than 13% and Kioxia fell more than 12%, as investors took profits from a roaring AI-chip rally. TSMC had reported a 67.9% y/y rise in June sales and total H1 2026 revenue of NT$2.4 trillion (+35.6% vs H1 2025), with its US ADR pricing as a key gauge for AI capital expenditure ahead of its July 16 earnings.
Read full article → Irish Times (FT) · CNBC · InvestMacroEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The Monetary Policy Committee of the Central Bank of Egypt kept its overnight deposit rate at 19%, overnight lending at 20%, main operation at 19.5%, and discount rate at 19.5% for the third successive meeting. The MPC said annual headline inflation declined to 14.3% in June — the lowest since before the US-Israel-Iran conflict began in late February — while monthly CPI recorded -0.4%. GDP growth moderated to 5% in Q1 FY2025/26 from 5.3% previously, with the output gap suggesting limited demand-driven inflationary pressure. The Committee projected inflation will remain above its 7% (±2pp) target through Q4 2026 before declining toward target in H2 2027.
Read full article → Daily News Egypt · Egypt Today · CBE official · Trading Economics(9–10 Jul) CAPMAS reported Egypt's all-urban headline inflation fell to 12.2% y/y in June 2026 from 13% in May — the third consecutive monthly decline. The CBE's own urban CPI measure eased to 14.3% from 14.6% in May, with monthly urban CPI registering -0.4% — marking a significant deceleration from +1.6% in May. The decline was driven by a 3.7% drop in food & beverages (vegetables -12.1%, meat & poultry -6.4%), despite housing/utilities still rising 31.2% y/y. Core inflation edged up slightly to 14.3% from 13.8% in May, reflecting unfavourable base effects.
Read full article → CBE official · Ahram Online · Arab Finance · Daily News Egypt(8 Jul) Egypt's net international reserves (NIR) rose to a provisional $55.072bn at end-June 2026, up from $53.134bn at end-May — a monthly gain of $1.94bn (+3.65%). The increase follows a trend of reserve accumulation despite geopolitical headwinds: NIR stood at $52.8bn at end-March 2026, and had reached $51.5bn at end-December 2025. The IMF's completed 5th and 6th EFF reviews (February 2026) had cited gross reserves of ~$59.2bn at end-December 2025 using a slightly broader definition. Strong remittances and tourism receipts are the primary FX drivers.
Read full article → Arab Finance · CBE official · Ahram Online(9 Jul) The Central Bank of Egypt released data showing remittances from Egyptians working abroad reached $43.1bn over the first eleven months of fiscal year 2025/26. In the first half of the fiscal year (Jul–Dec 2025), remittances surged 29.6% to $22.1bn from $17.1bn in the same period of FY2024/25. Remittances now represent approximately 10.2% of GDP (up from 6.8% in CY2021), making them Egypt's largest single source of hard-currency income and a critical buffer against Suez Canal revenue disruptions.
Read full article → CBE official(12 Jul) The CBE published its Balance of Payments press release for July 2025–March 2026. In H1 FY2025/26 (Jul–Dec 2025), the current account deficit narrowed 13.6% to $9.5bn from $10.9bn a year earlier, supported by: remittances +29.6% to $22.1bn; tourism revenues +17.3% to $10.2bn; and Suez Canal transit receipts +19.0% to $2.2bn (net tonnage +16.1% to 284mn tons, vessel count +5.8% to 6,700). The services balance surplus rose 20.6% to $8.9bn. An oil trade deficit of $8.9bn (wider by $2.3bn) partially offset these gains.
Read full article → CBE official(Jul 2026) The International Monetary Fund upgraded its real GDP growth forecast for Egypt in fiscal year 2026/27 to 4.6%, up 0.4 percentage points from its April 2026 projection, according to the July World Economic Outlook update. The revision reflects Egypt's resilient reform trajectory and strong remittance and FX inflows. The IMF's $8bn Extended Fund Facility (completed 5th and 6th reviews February 2026 — unlocking ~$2.3bn) is due to conclude in December 2026. The IMF has flagged that progress on state divestment and private-sector reform remains 'uneven' and must accelerate.
Read full article → Arab Finance · IMF official · businessfront.com(Jul 2026) S&P Global's Egypt PMI for June 2026 dropped to 46.0 from 47.1 in May, marking the sharpest contraction in Egypt's non-oil private sector in nearly three-and-a-half years. All readings remain below the 50 neutral threshold, indicating a fifth consecutive month of contraction. Rising input costs — partly linked to higher energy prices and FX pressure — continued to suppress new orders and output. The deterioration raises questions about the pace of private-sector recovery amid restrictive monetary policy and Hormuz-driven supply-chain disruptions.
Read full article → Arab Finance · Investing.com(13 Jul) The EGX 30 closed at 52,608, gaining 0.7% on the session, with turnover of EGP 9.6bn — 9.1% above the 90-day average. International investors were the sole net buyers. The index is up 25.8% year-to-date in 2026, recovering from a sharp pullback in February–March after the US-Israel-Iran war began. Top gainers included Qalaa Holdings (+2.1%), GB Corp (+1.9%), and TMG Holding (+1.8%), while Telecom Egypt fell 1.7%. The EGX reached an all-time high of 54,978.9 on May 11, 2026.
Read full article → Enterprise (enterpriseam.com) · Trading Economics · Investing.com(Jul 2026) Chinese investments in Egypt during the first half of 2026 reached an estimated $1.5–$2bn, according to Mostafa Ibrahim, Vice Chairman of the China Committee at the Egyptian Businessmen's Association. Most inflows came from expansions of existing projects rather than entirely new investments. China has emerged as a key investor amid Gulf FDI diversification, with Suez Canal Economic Zone and industrial areas seeing growing Chinese presence. The EBA noted the pipeline for new greenfield investment from China is building.
Read full article → Arab Finance(Apr–Jul 2026) Finance Minister Kouchouk reported a primary fiscal surplus of 3.5% of GDP for the first nine months of FY2025/26 (July 2025–March 2026), supported by tax revenues rising 29% y/y. The overall budget deficit was 5.2% of GDP over the same period, down from 6% a year earlier. Egypt's debt-to-GDP ratio has declined approximately 13% over the past two fiscal years — contrasting with an average 6% rise across emerging markets. The FRA also announced clearing fees for futures trading on the EGX, a structural market-development milestone.
Read full article → Ecofin Agency · Egypt Today(13 Jul) Economic relations between Egypt and Germany are gaining renewed momentum, with rising bilateral trade volumes and expanding German investments in Egyptian industry. A senior official cited growing interest from German firms in Egypt's manufacturing and green energy sectors, consistent with the government's New Alamein Forum outcomes and the 'National Narrative for Economic Development.' The trend is part of Egypt's strategic push to diversify FDI sources beyond traditional Gulf partners and attract European industrial capital.
Read full article → Daily News Egypt(5–12 Jul) The CBE issued guidance on July 5 directing Egyptian banks to expand financing for national healthcare infrastructure initiatives, aligning lending priorities with the government's social spending commitments under the IMF programme. The CBE also conducted its regular T-bill auctions on July 12, with the auction page updated to reflect latest accepted yields across 91-, 182-, 273-, and 364-day tenors. HC Securities estimated the 12-month T-bill yield at 24.7% as of early July, implying a positive real interest rate of approximately 6.8% for non-resident investors (after a 15% withholding tax).
Read full article → CBE official · HC Securities (egygatenews)