The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 15 close; cooling PPI lifted Big Tech (AMZN +3%, AAPL +4%) | 7,572.40 | +0.38% |
| Dow Jones Jul 15 close | 52,658.64 | +0.29% |
| Nasdaq Composite Jul 15 close; semis mixed vs Big Tech rally | 26,269.23 | +0.62% |
| FTSE 100 Jul 15 mid-session CNBC print | 10,540.40 | +0.10% |
| DAX Jul 15 mid-session CNBC print; ECB rate-hike risk weighing | 25,027.23 | -0.48% |
| Nikkei 225 Jul 15 CNBC print; rebound after Jul 13 -1.9% selloff | 68,751.51 | +1.49% |
| Hang Seng Jul 15 CNBC print | 24,681.10 | +1.40% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 15 close (Yahoo Finance delayed EGX) | 52,679 | +1.21% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | unchanged — 3rd consecutive hold at Jul 9 MPC; pausing 825bps easing cycle |
| Overnight lending | 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 bills | ||
| 364-day | ~24.7% | implied positive real rate per HC Securities Jul 5 note (latest auction proxy) |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.63% |
| 1-year UST | 3.97% |
| 2-year UST | 4.13% |
| 3-year UST | 4.18% |
| 5-year UST | 4.26% |
| 10-year UST | 4.55% |
| 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% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.53 | -0.37% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 15 Yahoo Finance delayed; down ~$73 (-1.72%) on the session; up ~120% in 5 years driven by safe-haven demand and de-dollarisation | ▼ $4,173 |
| Brent Crude · ICE Jul 15 Trading Economics; fourth consecutive session of gains on US-Iran Hormuz strikes; up ~23.7% y/y | ▲ $84.73 |
| WTI Crude · NYMEX Jul 15 Trading Economics; above $80 as US blockades Iranian coastal ports; EIA crude draw of 1.7mb/w ending Jul 10 | ▲ $80.17 |
(16 Jul) Oil climbed for a fourth straight day as the US continued airstrikes on Iran targeting its ability to disrupt Strait of Hormuz shipping. WTI traded above $80/bbl after rallying more than 11% in the prior three sessions, while Brent closed just below $85. The US also reported disabling an unladen Iranian oil tanker attempting to reach an OPEC+ port.
Read full article → Bloomberg(14 Jul) The US consumer price index rose 3.5% year-on-year in June, undershooting the Dow Jones consensus of 3.8% as energy prices eased. The softer print drove a semiconductor rebound and lifted the S&P 500 0.38% to 7,543.59, with the Nasdaq advancing 0.9%. Markets are further trimming odds that the Fed will hike at its late-July FOMC meeting.
Read full article → CNBC(15 Jul) US producer prices rose less than expected in June, aligning with Tuesday's soft CPI and further reducing rate-hike risk for the upcoming FOMC. Morgan Stanley joined JPMorgan, Bank of America, Citi, and Goldman Sachs in posting strong Q2 results. Apple gained 4% to an all-time high, driving the S&P 500 to 7,572.40.
Read full article → CNBC · Trading Economics(15 Jul) Markets now price a 70% probability of an ECB rate hike in September, reversing the dovish tone struck at the Sintra forum in early July. The oil-price surge driven by US-Iran Strait of Hormuz strikes has amplified inflationary pressures; the ECB already hiked 25bps in June 2026, its first increase since 2023, lifting the deposit facility to 2.25%.
Read full article → CNBC · Trading Economics(13 Jul) Iran declared the Strait of Hormuz closed 'until further notice' while US CENTCOM denied the closure and launched further strikes. Only six vessels were tracked transiting the Strait in a 12-hour window vs a normal 18–22 daily crossings earlier in the month. Roughly 27% of the world's maritime crude oil trade passes through the waterway.
Read full article → Al Jazeera · US Congressional Research ServiceEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The Monetary Policy Committee maintained the overnight deposit rate at 19.00%, overnight lending at 20.00%, main operation at 19.50%, and discount rate at 19.50%. The MPC cited assessment of June inflation dynamics — headline fell to 14.3% y/y and monthly CPI was -0.4% — while flagging base effects that could lift annual inflation in Q3 2026. The committee expects inflation to reach the 7% ±2% target in H2 2027.
Read full article → Daily News Egypt · Egypt Today(8 Jul) The Central Bank of Egypt reported net international reserves of $55.072 billion at end-June 2026 on a provisional basis, up $1.93bn from May's $53.134bn. The record level reflects surging remittances, rising tourism receipts and improving export activity. This strengthens Egypt's external buffers as regional conflict keeps the Hormuz corridor under pressure.
Read full article → CBE · economymiddleeast.com(9 Jul) The CBE confirmed remittances rose 31.2% year-on-year during July 2025–May 2026, reaching approximately $43.1bn versus $32.8bn in the same period of FY24/25. Monthly flows in May 2026 were $3.9bn vs $3.4bn a year earlier. The CBE noted remittances act as a critical foreign-exchange shock absorber, directly supporting reserves and balance-of-payments stability.
Read full article → CBE · Business Today Egypt(12 Jul) The Central Bank of Egypt published its balance of payments performance for July 2025 through March 2026. The data covers the current account, capital flows, and reserve movements during the first nine months of the fiscal year, a period that spans the outbreak of the US-Israel-Iran war in late February. The report is expected to show remittances and tourism partly offsetting the impact of Suez Canal disruption.
Read full article → CBE(9 Jul) The IMF's July 2026 World Economic Outlook Update raised Egypt's growth projection for FY2025/26 to 4.6%, up from the prior estimate of 4.2% and the FY24/25 outturn of 4.4%. The upgrade reflects resilient remittances, improving non-oil manufacturing, and a stabilising external position. Egypt outperforms the broader MENA region which the IMF projects will contract amid the Iran-US conflict.
Read full article → Ahram Online · Egypt Today(Apr 2026 — latest confirmed data) Finance Minister Kouchouk reported a primary surplus of 3.5% of GDP for FY2024/25, with tax revenues up 29% and the overall budget deficit narrowing to 5.2% of GDP. Egypt's debt-to-GDP ratio fell by approximately 13% over two fiscal years — bucking an average 6% rise across emerging markets. The government targets a primary surplus of 4.8% of GDP for FY25/26.
Read full article → Ecofin Agency · IMF Country Report(Apr 2026 — latest confirmed data) EGX Vice Chairman Mohamed Sabry finalised terms for six state-owned companies to list: Sinai Manganese, Spring Manufacturing (Yayat), Egyptian Contracting (El Abd) and El Nasr Housing on the main market; two SMEs on the small-cap segment. Prime Minister Madbouly also reviewed plans to bring ten petroleum companies to market, with Petroleum Minister Badawi targeting restructuring of selected firms to convert sector growth into public-market liquidity.
Read full article → African Markets(Jul 2026 — rolling context) Suez Canal revenues have been suppressed by approximately 50% compared to the pre-conflict target of $14–15bn per annum, as Hormuz closure and Red Sea tensions continue to divert shipping. Analyst Ahmed Khattab estimates revenues can fully recover once the US-Iran Hormuz stand-off resolves. A partial recovery to $6.0–7.0bn was forecast for FY25/26 versus the $9.4bn peak in FY22/23.
Read full article → FINTECH.TV · themiddleeastinsider.com(15-16 Jul) The Egyptian pound trades at approximately EGP 50.53 per USD based on Investing.com and Trading Economics mid-market data, down slightly from a recent intra-week high of 50.72 but well inside the 52-week range of EGP 46.63–54.89. The pound's resilience has been supported by record remittances and carry-trade inflows, with a 12-month change of only +0.24% in USD/EGP terms.
Read full article → Investing.com · Trading Economics · Bloomberg(9 Jul) CAPMAS data confirmed headline CPI fell to 14.3% y/y in June 2026 from 14.6% in May, the lowest reading since before the February 2026 outbreak of the US-Israel-Iran conflict. Monthly CPI declined 0.4% m/m. Core inflation edged up slightly to 14.3% y/y due to an unfavourable base effect, despite monthly core easing to 0.3%. The CBE projected inflation could re-accelerate in Q3 due to base effects before resuming a downward path.
Read full article → Daily News Egypt · MENA Market Lab(Jul 2026) The CBE preliminary estimates indicate GDP growth moderated to 5.0% year-on-year in Q1 FY2025/26 (Jul–Sep 2025), slightly down from 5.3% in H1 FY25/26. The CBE expects growth to average approximately 5% for the full fiscal year ending June 2026, though a slight moderation is expected in Q2 reflecting the impact of the regional Iran-US conflict on economic activity and tourism flows.
Read full article → Daily News Egypt · Trading Economics(circa Jul 2026) Saudi Arabia's Safari Group committed up to EGP 2 billion to open seven Chuck-branded entertainment centres in Egypt over four years. Saudi Unique Hospitality Company and Egypt's PMaestro will handle management. The deal is a small but symbolic private-sector FDI indicator as Egypt seeks to attract Gulf capital under its IMF reform program and national narrative for economic development.
Read full article → Enterprise AM