The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Close 14 Jul; boosted by semis + soft CPI | 7,543.59 | +0.38% |
| Dow Jones Close 14 Jul; IBM dragged -25% | 52,508.27 | +0.02% |
| Nasdaq Composite Close 14 Jul; semiconductor rebound | 26,107.01 | +0.90% |
| FTSE 100 14 Jul close per Yahoo Finance | 10,529.39 | +0.30% |
| DAX 14 Jul close per Yahoo Finance | 25,147.03 | +0.13% |
| CAC 40 14 Jul close per Yahoo Finance | 8,366.85 | +0.03% |
| Nikkei 225 15 Jul (Tokyo session) per Trading Economics; tech/AI stocks led | 68,300 | +0.90% |
| Hang Seng 14 Jul close per Yahoo Finance | 24,340.73 | +0.52% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Last session Sun 13 Jul 2026 (EGX closed Wed 15 Jul — EGX trading week is Sun–Thu; 15 Jul is a Wednesday so markets are OPEN — last verified close 13 Jul) | 52,608 | +0.67% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit rate | 19.00% | Held 9 Jul 2026 MPC — third consecutive hold |
| Overnight lending rate | 20.00% | Held 9 Jul 2026 MPC |
| Main operation rate | 19.50% | Held 9 Jul 2026 MPC |
| Discount rate | 19.50% | Held 9 Jul 2026 MPC |
| Treasury bills | ||
| 182-day | ~25.1% (indicative) | CBE offered EGP 50bn at 182-day on 9 Jul 2026; exact awarded yield not yet extracted |
| 364-day | ~24.7% (indicative) | CBE offered EGP 70bn at 364-day on 9 Jul 2026; HC Securities cited 12M T-bill yield ~24.7% |
| Treasury bonds | ||
| 10-year EGP bond (indicative) | ~26.5% | Secondary market estimate; CBE last updated secondary market data 16 Jun 2026 |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.60% |
| 1-year UST | 4.02% |
| 2-year UST | 4.18% |
| 3-year UST | 4.23% |
| 5-year UST | 4.31% |
| 10-year UST | 4.58% |
| 30-year UST | 5.08% |
| 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 sofrrate.com UK nominal par gilt yield, as of 13 Jul 2026 | 4.87% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.69 | +0.90% |
| EUR / EGP | ~55.4 | n/a |
| GBP / EGP | ~65.1 | n/a |
| SAR / EGP | ~13.52 | n/a |
| EUR / USD | ~1.094 | n/a |
| GBP / USD | ~1.285 | n/a |
| USD / JPY | ~147.5 | n/a |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Spot ~$4,050 on 15 Jul; markets.com intra-day high $4,084; soft US CPI reduced rate-hike bets | ▲ $4,050 |
| Brent Crude · ICE Investing.com 15 Jul range 85.05–86.36; above $85 on Trump's Hormuz blockade reinstatement | ▲ $85.70 |
| WTI Crude · NYMEX Investing.com 15 Jul range 72.61–75.08; Forbes cited Jul 14 open $78.08 (Sep contract) | ▲ $73.80 |
| Copper · COMEX | — ~$4.50/lb |
(14 Jul) US annual CPI fell to 3.5% in June from 4.2% in May, missing the 3.8% consensus, aided by lower energy prices; monthly prices dropped 0.4%—the first MoM decline since 2020. Fed Chair Kevin Warsh testified before Congress, reaffirming commitment to price stability without explicitly signalling hikes, leaving markets pricing roughly a 50% probability of a September hike.
Read full article → Trading Economics · CNBC(13–14 Jul) President Trump announced the US would reinstate its blockade on Iranian shipping through the Strait of Hormuz and seek a 20% reimbursement fee on all cargo transiting the waterway. Brent climbed above $85 for the first time in weeks, while Tehran declared the strait closed 'until further notice'—a claim rejected by US Central Command. The move rattled equity futures and lifted the 10-year UST yield toward 4.62%.
Read full article → CNBC · Trading Economics(14 Jul) IBM warned that Q2 profits would fall short of expectations due to soft demand in software and infrastructure, dragging the Dow. By contrast, semiconductor stocks surged—the VanEck SMH ETF rose 2.5%—as the softer CPI print eased concerns about Fed tightening that had crushed the sector a session earlier.
Read full article → CNBC(9 Jul) The IMF's July 2026 World Economic Outlook Update projected a 32% spike in crude oil prices would push global headline inflation from 4.1% to 4.7% in 2026. Egypt was upgraded to 4.6% growth for 2026, outperforming a MENA region largely in contraction. The Fund cautioned central banks to maintain focus on price stability while rebuilding fiscal buffers.
Read full article → Ahram Online(15 Jul) Japan's Nikkei 225 advanced ~0.9% to above 68,300 on Wednesday, tracking Wall Street higher after weaker-than-expected US June inflation data reduced near-term Fed rate-hike expectations. Kioxia Holdings surged 6.7%, Lasertec jumped 6.9%, and Advantest gained 4.4%, with technology and AI-related stocks leading the advance.
Read full article → Trading EconomicsEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The MPC kept the overnight deposit rate at 19.00%, overnight lending at 20.00%, main operation and discount rates at 19.50%—the third consecutive hold, pausing 825bps of cuts that ran April 2025 to February 2026. The committee cited geopolitical uncertainty, an expected Q3 2026 inflation uptick from base effects, and the need to maintain a positive real rate buffer for carry-trade inflows.
Read full article → Egypt Today · Daily News Egypt · CBE(9 Jul) Egypt's annual headline inflation declined to 14.3% in June 2026—the lowest since before the regional conflict began—while monthly CPI dropped 0.4%, the first monthly deflation in many months. Annual core inflation edged up slightly to 14.3% due to an unfavourable base effect, despite monthly core easing to 0.3%. The CBE still projects inflation will accelerate in Q3 2026.
Read full article → CBE · Daily News Egypt(8 Jul) The CBE published provisional net international reserves of $55.072bn at the end of June 2026, compared with the $53.1bn reported in May. The recovery reflects improving FX inflows including carry-trade receipts, strong remittances, and rising tourism revenues despite regional tensions.
Read full article → CBE(9 Jul) The CBE announced remittances from Egyptians working abroad reached a record $43.1bn over the first eleven months of FY2025/26, up approximately 38% year-on-year. The surge reflects both genuine income growth among the diaspora and the EGP's relative competitiveness following depreciation. Remittances remain Egypt's single largest source of foreign currency.
Read full article → CBE(12 Jul) Egypt's overall BoP deficit narrowed to $1.8bn in the first nine months of FY2025/26, supported by net FDI inflows surging to $13bn from $9.8bn a year earlier—including a $3.5bn Alam El-Roum deal tranche. Tourism revenues rose 14.9% to $14.4bn and Suez Canal receipts climbed 22.1% to $3.2bn on higher vessel numbers. Portfolio outflows of $4.4bn partly offset the gains.
Read full article → Daily News Egypt · CBE(Feb 2026, ongoing) The IMF completed the 5th/6th reviews in February 2026, disbursing ~$2bn under EFF and $273m under RSF. Egypt's 46-month EFF has been extended through December 15, 2026. Two remaining reviews and roughly $3.3bn in disbursements are conditional on divestment progress and structural benchmarks including tax reform and state-owned bank governance.
Read full article → IMF · Enterprise Press(9 Jul) The IMF's July 2026 WEO Update upgraded Egypt's real GDP growth forecast for 2026 to 4.6% (from 4.4% in 2025), noting Egypt's relative macroeconomic resilience amid a MENA region broadly in contraction due to the US-Iran conflict. Global growth was revised down to 3.1% while global inflation was revised up to 4.7%, driven by a projected 32% rise in crude oil prices.
Read full article → Ahram Online(13 Jul) Prime Minister Madbouly confirmed 20 state-owned companies have been provisionally listed on the EGX—17 from the public enterprise sector and 3 from petroleum—ahead of full IPOs. Procedures are underway to provisionally list a further 10 companies (7 petroleum + 3 public enterprise) to complete a 30-company programme. The government targets beginning FRA registrations and actual share offerings before end-2026 to unlock remaining IMF tranches.
Read full article → Daily News Egypt(Jun–Jul 2026) The government is preparing initial public offerings of eight state-owned companies on the EGX in addition to provisional listings of 10 petroleum-sector firms. Plans include minority stakes in Misr Life Insurance, El Nahda Industries, Egyptian Ferroalloys, El Nasr Glass, El Nasr Mining, and Alexandria Co. for Refractories. Cabinet has ordered all provisionally listed companies to complete offerings by year-end.
Read full article → Arab Finance · Enterprise Press(12 Jul) CBE BoP data confirmed Suez Canal transit receipts rose 22.1% year-on-year to $3.2bn in the first nine months of FY2025/26, with net tonnage up 18.5% to 426.9mn tonnes and vessel transits up 7.6% to ~10,000. Enterprise reported Maersk and Hapag-Lloyd have made a cautious return to Suez transits, though analysts warn any renewed Hormuz/Red Sea escalation could reverse the recovery.
Read full article → Daily News Egypt · Enterprise Press(14 Jul) The Egyptian pound weakened 0.90% to 50.69 per dollar on 14 July per Trading Economics, reflecting pressure from the Iran-driven oil shock and broader dollar demand. Wise data shows USD/EGP ranged between 48.81 and 50.72 during the past week. The 52-week range of 46.64–54.86 reflects the EGP's sharp depreciation during peak conflict stress in March 2026 and subsequent partial recovery.
Read full article → Trading Economics · Wise · Investing.com(9 Jul) The CBE offered EGP 120bn in two T-bill tranches: EGP 50bn at 182-day tenor and EGP 70bn at 364-day tenor on 9 July 2026, in coordination with the Ministry of Finance. The auction forms part of weekly debt-management operations to finance the budget deficit. HC Securities had cited the 12-month T-bill yield at approximately 24.7% ahead of the MPC meeting, implying a positive real rate buffer of ~6.8% for foreign investors after 15% tax.
Read full article → Arab Finance / Zawya · HC Securities via EgyptGate