The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 28 close; CFD 7,425 Jul 29 pre-decision | 7,428.78 | +0.21% |
| Dow Jones Jul 28 close; Sherwin-Williams +8% led gains | 52,747.32 | +1.03% |
| Nasdaq Composite Jul 28 close; chip sell-off dragged index | 24,876.91 | -0.22% |
| FTSE 100 Jul 28; Unilever +8% a top gainer | 10,846 | +0.59% |
| DAX Jul 28 | 25,487 | +0.49% |
| CAC 40 Jul 28 | 8,406.06 | +0.40% |
| Nikkei 225 Jul 28; chip sector rout led by South Korea | 62,364 | -3.95% |
| Hang Seng Jul 28; tech and industrials supported | 25,310 | +0.41% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 29 live print, Investing.com; +57.9% YoY | 53,418 | n/d |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged at Jul 9 MPC; cumulative -825bps since Apr 2025 |
| Overnight lending | 20.00% | Unchanged at Jul 9 MPC |
| Main operation (7-day) | 19.50% | Unchanged at Jul 9 MPC |
| Discount rate | 19.50% | Unchanged at Jul 9 MPC |
| Treasury bills | ||
| 91-day | ~26.5% | |
| 182-day | ~26.2% | Approximate; last available auction |
| 273-day | ~26.0% | Approximate; last available auction |
| 364-day | ~25.8% | Approximate; last available auction |
| Treasury bonds | ||
| 3-year | ~25.5% | Indicative secondary market yield |
| 5-year | ~25.2% | Indicative secondary market yield |
| 10-year | ~24.8% | Indicative secondary market yield |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.64% |
| 1-year UST | 4.09% |
| 2-year UST | 4.26% |
| 3-year UST | 4.31% |
| 5-year UST | 4.35% |
| 10-year UST | 4.61% |
| 30-year UST | 5.09% |
| Euro Area | |
| ECB deposit facility | 2.25% |
| ECB main refinancing | 2.40% |
| ECB marginal lending | 2.65% |
| €STR | 2.19% |
| United Kingdom | |
| BoE Bank Rate Latest published rate, Trading Economics / BoE | 3.75% |
| SONIA overnight Dec 2025 last published, Trading Economics / BoE | 3.73% |
| 10-year Gilt Jul 21 2026, sofrrate.com (UK nominal par gilt yield) | 5.02% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.63 | -0.43% |
| EUR / EGP | ~55.80 | n/d |
| GBP / EGP | ~65.30 | n/d |
| SAR / EGP | ~13.50 | n/d |
| EUR / USD | ~1.1020 | n/d |
| GBP / USD | ~1.2900 | n/d |
| USD / JPY | ~148.50 | n/d |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 29 spot, IFCM; down ~1% on firmer USD and Fed rate-hike tail risk; ATH $5,602 Jan 29 2026 | ▼ $4,020 |
| Brent Crude Jul 29 surging +4% after fresh Middle East fighting; Iran-backed militias struck Saudi oil facilities for 2nd day (Bloomberg Jul 29) | ▲ ~$88 |
| WTI Crude Jul 29 intraday; settled ~$79 on Jul 28 after 3-day 16% collapse; sharply rebounding on Middle East re-escalation | ▲ ~$83 |
| Copper (indicative) | — n/v |
(29 Jul) Oil surged after fighting erupted again in the Middle East, casting doubt on diplomatic efforts and threatening energy flow disruptions. Brent climbed more than 4% to near $88 a barrel, partially reversing a 16% three-session decline — its steepest since 2020. Iran-backed militias in Iraq launched drones at Saudi oil facilities for a second consecutive day, while the US military said it intercepted an Iranian attack on US troops across the region.
Read full article → Bloomberg · Trading Economics(29 Jul) The Federal Open Market Committee's July 28–29 meeting wraps up with a 2pm ET rate decision and 2:30pm press conference from Chair Kevin Warsh. Economists polled by FactSet unanimously expect the fifth consecutive hold at 3.50–3.75%, though CME futures price in a roughly one-in-three chance of a hike — an unusually high degree of uncertainty. The Fed has been on hold since December 2025, when it cut rates from 3.75% to 3.50%.
Read full article → CBS News · Motley Fool · Cambridge Currencies(28 Jul) US equities were mixed as investors rotated out of semiconductors into consumer and industrial names. The Dow climbed 537 points (+1.03%) to 52,747 while the Nasdaq fell 0.22% as Micron slumped 8.8%, AMD lost 8.1%, and SNDK tumbled 14.2% on AI circular-investment fears. Sherwin-Williams rose 8% and Coca-Cola gained 5% on earnings beats to lead the Dow.
Read full article → CNBC · Trading Economics(28 Jul) Asian markets fell sharply on Tuesday, led by a semiconductor rout centred on South Korean memory makers. The Kospi plunged as much as 10.9%, triggering its ninth circuit breaker of 2026, with SK Hynix down ~12% and Samsung down ~13%. Japan's Nikkei fell 3.95% to 62,364 while Hong Kong's Hang Seng bucked the trend, rising 0.41% supported by technology and industrial stocks.
Read full article → CNBC · Investrade(28–29 Jul) Gold fell about 1% to ~$4,020/oz as a firmer US dollar — hovering near a four-week high — and growing Fed rate-hike bets weighed on the metal. Traders are pricing roughly a one-in-three chance of a rate hike at Wednesday's meeting and an ~80% probability of a hike in September. The metal hit an all-time high of $5,602 on January 29, 2026 before retreating.
Read full article → Trading Economics · CNBC · IFCMEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(29 Jun) The IMF confirmed a staff-level agreement on Egypt's seventh review under the Extended Fund Facility and second review under the Resilience and Sustainability Facility. Real GDP growth reached 5% in Q3 and 5.2% for the first three fiscal quarters. Fiscal performance was strong — both primary balance and tax revenue targets were exceeded by end-March 2026, with the primary surplus projected to rise from 4.8% of GDP in FY2025/26 to 5% in FY2026/27.
Read full article → IMF(9 Jul) Egypt's Monetary Policy Committee kept the overnight deposit rate at 19.00%, overnight lending at 20.00%, and both the main operation and discount rates at 19.50%. The hold follows cumulative cuts of 825 basis points between April 2025 and February 2026. CBE has adopted a wait-and-see approach to ensure policy remains sufficiently restrictive to anchor inflation expectations while maintaining a positive real rate margin.
Read full article → CBE(8 Jul) The Central Bank of Egypt reported provisional net international reserves of $55,072.3 million at the end of June 2026, up sharply from pre-war levels. The strong reserve buffer is supported by remittance inflows, IMF disbursements, and the Ras El-Hekma UAE land deal proceeds, providing greater resilience to external shocks.
Read full article → CBE(9 Jul) The CBE announced that remittances from Egyptians working abroad reached a record $43.1 billion over the eleven months to May 2026, surpassing the prior full-year record. Strong remittance flows continue to underpin Egypt's external balance and foreign currency liquidity.
Read full article → CBE(12 Jul) The Central Bank of Egypt released the balance of payments performance data for July–March FY2025/26. The report covers the current account, capital flows, and reserve movements. Exchange rate flexibility and portfolio inflows — supported by the US-Iran ceasefire announcement — helped reverse most of the EGP depreciation seen during peak conflict.
Read full article → CBE(Jul 2026) The IMF's July 2026 World Economic Outlook Update raised Egypt's 2026 growth projection to 4.6%, up from 4.4% in 2025. Egypt is one of the few MENA economies projected to expand, as the broader region faces contraction due to war spillovers. IMF cited timely policy actions including fuel price adjustments and energy rationalisation.
Read full article → Egypt Daily News · Ahram Online(Apr 2026) EGX Vice Chairman Mohamed Sabry finalised terms for the temporary listing of six state-owned companies. Four join the main market — Sinai Manganese, Spring Manufacturing (Yayat), Egyptian Contracting (El Abd), and El Nasr Housing — while two join the SME segment. The petroleum sector is identified as the next IPO frontier, aimed at diversifying EGX's sectoral mix and attracting foreign capital.
Read full article → African Markets(Jul 2026) World Bank data shows central government debt declined to 82.5% of GDP at end-FY25 (from 90.1% at end-FY24), supported by the primary surplus of 3.5% of GDP and tax revenue gains. However, interest payments at 10.6% of GDP remain among the world's highest relative to revenue, limiting fiscal space. External debt stands at approximately $169 billion (~40% of GDP) with $27 billion in service due in 2026.
Read full article → World Bank · Atlantic Council(May 2026) The CBE's Q1 2026 Monetary Policy Report revised its headline inflation forecast to an average of 16–17% for 2026 — well above the prior 11% projection — citing the regional conflict energy shock. Single-digit inflation is not expected before H2 2027. GDP growth was trimmed to 4.9% for FY2025/26 (from 5.1%), with the Suez Canal recovery timeline pushed to Q1 2027.
Read full article → Enterprise AM(16 Jul) Ports Europe reported that the Suez Canal Economic Zone posted record revenue for FY2025–2026 despite the regional conflict's impact on canal transit volumes. The record reflects diversification of the Zone's industrial and logistics activities beyond canal transit fees. The CBE has pushed back its full Suez Canal traffic recovery timeline to Q1 2027.
Read full article → NewsNow / Ports Europe · Enterprise AM(29 Jun) The IMF's 7th review noted the impact of the Middle East war on Egypt has remained relatively contained, supported by timely policy actions. However, the conflict triggered portfolio outflows estimated at $6.1 billion in the first half of March 2026. The return of portfolio inflows — supported by the US-Iran ceasefire announcement — helped reverse most of the EGP depreciation seen at peak tension.
Read full article → IMF