The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 27 close; chip selloff offset by Iran-pause rally | 7,413.18 | +0.02% |
| Dow Jones Jul 27 close; led by Salesforce +5.4% | 52,210.08 | +0.51% |
| Nasdaq Composite Jul 27 close; Nvidia -5%, chip-sector drag | 24,932.08 | -0.18% |
| FTSE 100 Jul 28 intraday; oil pullback lifted consumer stocks | 10,801.45 | +0.61% |
| DAX Jul 28 intraday | 25,508.21 | +1.63% |
| CAC 40 Jul 26 close (last verified) | 8,372.28 | +0.88% |
| Nikkei 225 Jul 28 AM session | 64,931.19 | +0.50% |
| Hang Seng Jul 28 AM session | 25,207.18 | +0.98% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 28 intraday; range 53,406–54,107 | 53,417.59 | n/a |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged — Jul 9 MPC; third consecutive hold |
| Overnight lending | 20.00% | Unchanged — Jul 9 MPC |
| Main operation | 19.50% | Unchanged — Jul 9 MPC |
| Discount rate | 19.50% | Unchanged — Jul 9 MPC |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.64% |
| 1-year UST | 4.14% |
| 2-year UST | 4.31% |
| 3-year UST | 4.35% |
| 5-year UST | 4.40% |
| 10-year UST | 4.65% |
| 30-year UST | 5.12% |
| Euro Area | |
| ECB deposit facility | 2.25% |
| ECB main refinancing | 2.40% |
| ECB marginal lending | 2.65% |
| €STR | 2.19% |
| United Kingdom | |
| 10-year Gilt Jul 21 2026 per sofrrate.com | 5.02% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.70 | -1.10% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 27 2026 close (Trading Economics); range $4,007–$4,157 expected Jul 28; US–Iran pause eased inflation fears; all-time high $5,602 on Jan 29 2026 | ▲ $4,077 |
| Brent Crude · ICE Jul 27 2026; US–Iran strikes paused over weekend; down from ~$100+ last week; 52-week high $120.88 on Apr 30 | ▼ $90.28 |
| WTI Crude · NYMEX Jul 27 2026; Houthi Red Sea attacks on Saudi Aramco facilities kept a floor; Sep contract per Trading Economics | ▼ $82.62 |
(27 Jul) A temporary break in US–Iran fighting held on Monday after Washington paused two weeks of strikes without official announcement, while Tehran said it had ended its retaliatory operations and held talks via Oman regarding the Strait of Hormuz. Brent crude slumped more than 8% toward $90/bbl, reversing part of the ~40% surge this month. CME FedWatch trimmed the probability of a Wednesday rate hike to ~30.5% from 37.4% at Friday's close.
Read full article → Reuters · CNBC · Trading Economics(27 Jul) A fresh wave of selling hit semiconductor stocks on both sides of the Atlantic as doubts grew that circular AI-financing arrangements could unravel if hyperscalers cut capital spending. Nvidia fell 5%, AMD 5.2%, and Micron 2.3%. The Nasdaq Composite closed down 0.2% while the S&P 500 ended barely changed and the Dow added 0.5%.
Read full article → Bloomberg · Trading Economics(28 Jul) The Federal Reserve's fifth meeting of 2026 (Jul 28–29) opened with markets pricing roughly a 30% probability of a 25bp rate hike, down from 37% after the Iran pause. Chair Kevin Warsh has given few forward-guidance clues. June durable goods came in at +0.4%, well below the +2% consensus, adding to the case for steady rates.
Read full article → Kiplinger · Schwab · U.S. News(27 Jul) Despite Monday's near-9% drop in WTI to ~$83 and Brent to ~$90, both benchmarks remain up over 20% in July as Iran controls the Strait of Hormuz shipping lane and Houthi forces in Yemen claimed attacks on Saudi Aramco facilities at Jizan and Yanbu ports. Shipping through Hormuz remained thin even after the truce announcement.
Read full article → Reuters · Trading Economics(27 Jul) US new home sales rose 1.6% month-on-month to 628,000 annualised units in June, topping the 620,000 consensus but remaining 5.6% below year-earlier levels. The average selling price fell to $475,400, down 9.5% from May and 6.5% below June 2025, offering modest affordability relief.
Read full article → SchwabEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(9 Jul) The Monetary Policy Committee left the overnight deposit rate at 19%, overnight lending at 20%, main operation and discount rates both at 19.5% — its third straight hold following 825bps of cumulative cuts since April 2025. The MPC cited ongoing monitoring of inflation dynamics and the geopolitical energy shock as key reasons for the pause.
Read full article → Egypt Today · CBE(9 Jul) Egypt's annual urban CPI slowed to 14.3% in June from 14.6% in May and 14.9% in April, below consensus of 15.1%. The deceleration was driven by food & beverage prices cooling to +5.4% from +7.6%. On a monthly basis, CPI rose 1.1%, down sharply from the 3.2% surge in May. Core CPI annual rate also printed 14.3%.
Read full article → CBE · Trading Economics(8 Jul) The CBE announced net international reserves stood at $55,072.3mn at end-June 2026 on a provisional basis, underpinned by multilateral financing flows, Gulf investments and strong remittance receipts. Reserves provide key import cover amid regional volatility.
Read full article → CBE(8 Jul) Remittances from Egyptians working abroad reached a record $43.1bn in the eleven months of fiscal year 2025/26, according to the CBE. The figure underscores the role of remittances as Egypt's largest single source of foreign-currency inflows amid suppressed Suez Canal transit revenues.
Read full article → CBE(Jul, early) The Suez Canal Economic Zone recorded its highest annual revenue since establishment — EGP 15.9bn ($314mn) in FY2025/26, exceeding the budget target by 51%. Dollar-denominated revenue surged 44% y/y to $246mn. Industrial-zone contributions rose to 19% of total revenue vs an 8% historic average. Combined projects pipeline stands at $16.4bn across 412 contracts.
Read full article → Amwal Al Ghad · Arab News · Economy Middle East(27 Jul) EnterpriseAM reported that four additional state-owned companies are looking to list on the Egyptian Exchange in July as part of the government's accelerated privatisation programme. No further ticker details were disclosed in the publicly accessible preview, but the pipeline forms part of the broader state asset offer programme underpinning IMF programme conditionality.
Read full article → EnterpriseAM(27 Jul) EnterpriseAM reported that Karm Holding will invest up to $10mn to construct a solar microgrid in South Sinai's Abu Zenima industrial zone — a region long stalled for lack of reliable power. The project is expected to unlock the area's mining and industrial potential, consistent with Egypt's broader push to decarbonise remote industrial corridors.
Read full article → EnterpriseAM(23 Jul) Egypt's Finance Ministry issued the country's maiden Fiscal Risk Statement on Climate Change, quantifying how physical climate shocks and the low-carbon transition could affect public finances — from the electricity grid to PPP infrastructure. The statement sits inside Egypt's IMF-backed reform programme; the Fund flagged the state's guarantee stock as a fiscal risk in its 29 June statement.
Read full article → EnterpriseAM(Jul) EnterpriseAM cited S&P Global projections that annual GDP growth could slow to 3.8% in Q2 2026 from 5% in Q2 2025, based on PMI-GDP relationships. Nearly 27% of firms surveyed reported weaker sales vs 11% reporting improvement, blaming client liquidity constraints, raw material shortages and rising prices — partly reflecting the energy shock from Iran-conflict oil prices.
Read full article → EnterpriseAM(Jul) EnterpriseAM reported Egypt received around 9mn tourists in H1 2026, a 4% y/y gain, though well below the pace of Q1 when arrivals jumped 43.5% y/y to 5.6mn and revenue hit $5.1bn. The slowdown reflects the chilling effect of the US–Iran war on MENA travel flows in Q2.
Read full article → EnterpriseAM(Jul) Prime Minister Mostafa Madbouly directed the ministerial economic group to update comprehensive scenarios for handling the economic fallout of ongoing military operations involving the US, Israel and Iran. The government flagged challenges from rising energy and commodity prices and disrupted trade.
Read full article → Egypt Today(Jul, week of Jul 21) The CBE issued EGP 150bn of short-term 63-day Treasury notes — a new instrument — on behalf of the Ministry of Finance, as reported by EnterpriseAM. The move reflects the ministry's effort to diversify its domestic debt maturity profile and manage near-term liquidity needs.
Read full article → EnterpriseAM