The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 20 close; US futures +0.1–0.7% pre-open Jul 21 | 7,443.28 | -0.19% |
| Dow Jones Jul 20 close; led lower by Merck, Boeing | 51,839.26 | -0.59% |
| Nasdaq Composite Jul 20 close; tech near flat | 25,508.07 | -0.05% |
| FTSE 100 Jul 20 close est.; domestic political headwinds | 10,530 | -0.71% |
| DAX Jul 20 close; treading water amid Iran uncertainty | 24,832 | 0.00% |
| CAC 40 Jul 20 close; marginal gain after choppy session | 8,340.11 | +0.02% |
| Nikkei 225 Prior session; chipmakers under pressure | 64,141.12 | -4.03% |
| Hang Seng Prior session; risk-off on geopolitics | 24,562.24 | -1.78% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 21 close; outperforming EM peers on privatisation news | 52,679.40 | +1.21% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged; held Jul 9 2026 — 3rd consecutive hold |
| Overnight lending | 20.00% | Unchanged; corridor ceiling |
| Main operation | 19.50% | Unchanged |
| Discount rate | 19.50% | Unchanged |
| Treasury bills | ||
| 91-day | n/v | |
| 182-day | n/v | |
| 273-day | n/v | |
| 364-day | n/v | |
| Treasury bonds | ||
| 3-year | n/v | |
| 5-year | n/v | |
| 10-year | n/v | |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.59% |
| 1-year UST | 4.03% |
| 2-year UST | 4.21% |
| 3-year UST | 4.25% |
| 5-year UST | 4.33% |
| 10-year UST | 4.60% |
| 30-year UST | 5.11% |
| 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 | n/v |
| SONIA overnight | n/v |
| 10-year Gilt yield | n/v |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 51.03 | -0.18% |
| EUR / EGP | 58.34 | +0.03% |
| GBP / EGP | 68.60 | -0.03% |
| SAR / EGP | 13.65 | +0.69% |
| EUR / USD | 1.143 | n/v |
| GBP / USD | 1.344 | n/v |
| USD / JPY | n/v | n/v |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 21 (Trading Economics); steadying above $4,000 as US-Iran conflict stokes inflation fears and 55% Sep Fed-hike probability priced in | ▲ $4,022 |
| Brent Crude Jul 20 close (Trading Economics); pulled from $91 high as Iran ceasefire talks capped upside; +30% from Jul lows | ▼ $87.72 |
| WTI Crude Jul 21 (Trading Economics); five-week high; mediation proposals offset fresh US strikes | — $82.43 |
| Copper | — n/v |
(21 Jul) Brent oil slipped after surging nearly 6% over the previous two sessions as traders weighed continued US–Iran hostilities against a reported 10-day ceasefire proposal from mediators. WTI traded near $83/bbl — its highest closing price since mid-June — while Tehran said negotiations could resume if aligned with Iran's national interests. The conflict has expanded to attacks on Kuwait's oil facilities and vessels in the Strait of Hormuz, sustaining a significant geopolitical risk premium in crude prices.
Read full article → Bloomberg · CNBC · Trading Economics(21 Jul) US Treasury yields climbed sharply over the week, with markets now pricing roughly a 55% chance of a Federal Reserve rate hike in September, up from 47% a week earlier, driven by oil-linked inflation concerns. Cleveland Fed President Beth Hammack joined other policymakers flagging persistent inflation risks. The effective Fed funds rate stands at 3.63%, with the current target range at 3.50–3.75%. A December hike is now seen with an ~80% probability.
Read full article → Trading Economics · StreetStats(21 Jul) Asian equities rose for the first time in four sessions, led by chipmakers, as investors looked to megacap earnings for clues on whether the AI-driven rally can be sustained. Oil fell slightly in Asian trading, providing modest relief to inflation-sensitive markets. The rally was tempered by geopolitical uncertainty over US–Iran hostilities.
Read full article → Bloomberg(20 Jul) Markets are now pricing a 70% probability of a September ECB rate hike, reversing the more dovish signals from ECB officials at the early-July Sintra forum. The ECB raised its deposit facility rate by 25bps to 2.25% in June 2026 — its first increase since 2023 — citing surging energy costs from Middle East disruptions. Eurozone headline inflation was revised to 3.0% for 2026.
Read full article → Trading Economics(20 Jul) Kuwait Petroleum Corp. confirmed an Iranian strike hit one of its oil facilities over the weekend, while Iran intercepted four vessels transiting the Strait of Hormuz. The US military reported the death of a third service member. Commercial traffic through the strait remains severely disrupted. Brent prices had surged about 30% from their July lows before pulling back on ceasefire talks.
Read full article → Bloomberg · Trading EconomicsEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The CBE Monetary Policy Committee kept the overnight deposit rate at 19%, overnight lending at 20%, main operation and discount rates at 19.5% — a third consecutive hold. The CBE cited ongoing geopolitical uncertainty and elevated inflation risks from the Iran conflict. Annual urban inflation eased to 14.3% in June from 14.6% in May, while CAPMAS headline CPI was 12.2% in June. Goldman Sachs projects 200bps of rate hikes in Q3 2026 if inflation pressures persist.
Read full article → Egypt Today · CBE · Trading Economics(8 Jul) The CBE announced that Egypt's net international reserves reached a provisional $55,072.3 million at end-June 2026. Prime Minister Madbouly noted reserves rose by about $2 billion in a single month, calling it 'a good indicator of the stability of the Egyptian economy.' The milestone follows record remittance inflows and strong tourism receipts.
Read full article → CBE · The National(9 Jul) The CBE reported that remittances from Egyptians working abroad recorded USD 43.1 billion over the first eleven months of FY2025/26 (July 2025–May 2026), representing more than a 30% increase over the prior year. Remittances remain Egypt's largest single source of foreign currency, bolstering FX reserves and supporting the EGP.
Read full article → CBE(16 Jul) Egypt's foreign reserves exceeded $55 billion for the first time, as a staff-level agreement with the IMF reached in June could unlock approximately $1.6 billion, extending the EFF programme to December 2026. The IMF completed the 5th and 6th EFF reviews in February 2026, disbursing ~$2 billion. Egypt's EFF arrangement was approved in December 2022 and covers 46 months. Total disbursements under EFF and RSF now stand at approximately $5.2 billion.
Read full article → The National · IMF · Egypt Today(13 Jul) Prime Minister Madbouly confirmed that 20 of the 30 companies in Egypt's privatisation programme have secured temporary listings on the EGX, comprising 17 public-business-sector firms and three petroleum companies. Technical procedures continue for the remaining 10. The government plans 4–5 full IPOs before end-2026. The petroleum sector — including plans to list up to 10 oil companies — is shaping up as the next major frontier for capital-market expansion.
Read full article → IntelliNews · Arab Finance(21 Jul) The EGX 30 rose 1.21% to close at 52,679.40 — up over 61% in the past 12 months — outperforming most global emerging markets. The index is approaching its all-time high of 54,978 set on May 11 2026. Daily turnover has more than doubled over the past 2–3 years, underpinned by the state privatisation programme and rising foreign and Arab investor participation.
Read full article → Yahoo Finance · AGBI(9 Jul) Egypt's annual urban headline CPI inflation eased to 14.3% in June 2026 from 14.6% in May, according to CBE data. CAPMAS reported a lower headline rate of 12.2% in June versus 13.0% in May. The monthly CPI recorded -0.4% in June — a deflation print — driven by seasonal food price declines. Annual core inflation (CBE measure) ticked up modestly to 14.3% from 13.8% in May, reflecting housing and utility costs.
Read full article → CBE · Zawya · Arab Finance(12 Jul) The CBE released its Balance of Payments press release covering July 2025 through March 2026. The data shows continued improvement in Egypt's external position, supported by strong remittances ($43.1bn over 11 months), record tourism receipts, and non-resident inflows into local-currency debt instruments. The current account deficit has narrowed versus FY2024/25.
Read full article → CBE(16 Jul) Economists warn that the sustained surge in global oil prices — driven by US–Iran conflict — is intensifying pressure on Egypt's energy import bill, particularly during peak summer demand. Egypt raised fuel prices by 14–17% in March 2026; a further hike could be required if oil stays elevated, which would feed directly into transport and food inflation. An analyst noted that Egypt's economy 'remains remarkably sensitive to external pressures' and is 'at the mercy of geopolitics.'
Read full article → The National(21 Jul) The Suez Canal Economic Zone (SCZone) posted record revenue in FY2025/26, according to Ports Europe. The milestone comes despite ongoing disruptions to Red Sea shipping from Houthi attacks — which have impacted transit volumes through the Suez Canal itself — as SCZone's industrial and manufacturing revenues offset the shipping disruption. The Houthis separately announced a maritime embargo against Saudi Arabia, raising new concerns for regional energy flows.
Read full article → Ports Europe / NewsNow(21 Jun) All banks operating in Egypt adopted the international ISO 20022 standard for financial transfers, as announced by the CBE. The move aligns Egypt's banking infrastructure with global payment standards, facilitating cross-border transactions, improving remittance processing, and strengthening correspondent banking relationships — a key enabler of the country's $43bn+ annual remittance flows.
Read full article → CBE(Jul 2026) The IMF's July World Economic Outlook upgraded Egypt's 2026 GDP growth forecast to 4.6%, up from 4.4% in 2025. However, the Fund flagged that global disinflation has stalled due to the US–Iran conflict, projecting a 32% spike in crude oil prices in 2026 and global headline inflation rising to 4.7%. The baseline forecast hinges on the Strait of Hormuz reopening from mid-July 2026 following an assumed diplomatic track.
Read full article → Egypt Daily News