The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 30 close; Microsoft +16% drove tech rally post-earnings | 7,437.64 | +1.66% |
| Dow Jones Jul 30 close; +613.92 pts rebound from Wed's 1,153-pt plunge | 52,208.06 | +1.19% |
| Nasdaq Composite Jul 30 close; ended 6-day losing streak | 25,122.18 | +2.78% |
| FTSE 100 Jul 29 close (Yahoo Finance delayed) | 10,900.22 | +0.27% |
| DAX Jul 29 close | 25,520.19 | +0.22% |
| CAC 40 Jul 29 close | 8,420.04 | -0.46% |
| Nikkei 225 Jul 29 close; yen strength on suspected BoJ intervention | 61,434.19 | -1.49% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Jul 30 close; +27.8% YTD; local investors sole net sellers; turnover EGP 11.9bn | 53,442 | -0.35% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged — 3rd consecutive hold; last cut Feb 6, 2026 (100bps) |
| Overnight lending | 20.00% | Unchanged — ceiling of CBE corridor |
| Main operation | 19.50% | Unchanged |
| Discount rate | 19.50% | Unchanged |
| Treasury bills | ||
| 91-day | ~26.5% | Indicative — last CBE auction page updated Jul 16, 2026; exact Jul 31 print not yet available |
| 182-day | ~27.0% | Indicative — same basis |
| 273-day | ~26.8% | Indicative — same basis |
| 364-day | ~25.5% | Indicative (Reuters Jan 2026 reference: 23.5% for 12m; market has widened since oil shock) |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.65% |
| 1-year UST | 4.04% |
| 2-year UST | 4.23% |
| 3-year UST | 4.30% |
| 5-year UST | 4.38% |
| 10-year UST | 4.68% |
| 30-year UST | 5.21% |
| 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 Held at Jul 30, 2026 MPC meeting; voted 6-3 | 3.75% |
| SONIA overnight Trading Economics last available Dec 2025 print; approximates current rate minus ~2bps of Bank Rate | ~3.73% |
| 10-year Gilt Jul 30, 2026 (Trading Economics); 2-month high; BoE hawkish hold + oil inflation fears | 5.04% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 51.10 | +0.95% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Trading Economics Jul 31; supported by weaker USD and Fed hold; ATH $5,597 on Jan 29, 2026 | ▼ $4,086 |
| Brent Crude Jul 30 close (Forbes); -11% from April peak of $120.88; US-Iran war monthly gain ~+21% | ▼ $89.95 |
| WTI Crude Trading Economics Jul 30; +~20% for the month on Hormuz/Red Sea supply disruptions | ▼ $83.87 |
(29 Jul) The Federal Reserve left its benchmark federal funds rate unchanged at 3.50–3.75% on July 29, with a 9-3 vote — the highest dissent count since September 2016 — as regional presidents Hammack, Kashkari, and Logan all preferred a 25bps increase to fight persistent above-target inflation. Chair Kevin Warsh, in his second meeting, signalled no forward guidance; markets now price a ~42% chance of a September hold, with the next decision due Sep 15–16. Warsh is expected to speak at Jackson Hole Aug 27–29.
Read full article → CNBC · Fox Business · Washington Post · Advisor Perspectives(30 Jul) US Central Command launched a heavy round of strikes against Iranian targets on July 29–30, drawing retaliatory threats from the IRGC. CNN reported that two ships were struck by a drone at Egypt's Port of Damietta — the first time in the conflict Egypt was directly hit. Brent crude pulled back to ~$90/bbl on Jul 30 after surging nearly 8% the prior session, with the benchmark on track for a ~21% monthly gain. Saudi Arabia proposed a 14-nation maritime coalition to protect shipping lanes as Bab al-Mandeb transits have fallen ~20%.
Read full article → CNN · Bloomberg · CNBC · Trading Economics(30 Jul) Microsoft shares jumped 16% on July 30 — the largest single-day market cap addition ever — after Azure cloud revenue posted its fastest growth since 2022 and capex guidance did not overshoot, alleviating AI-spending fears. The Nasdaq Composite gained 2.78% to 25,122, ending a six-day losing streak, and the S&P 500 rose 1.7% to 7,437.64. Amazon also jumped after hours on accelerating cloud growth. Apple slipped on weak China sales.
Read full article → Bloomberg · CNBC(30 Jul) The Bank of England's MPC voted 6-3 to hold the Bank Rate at 3.75% at its July 30 meeting, with three members preferring a cut. The BoE warned that higher energy prices from the US-Iran conflict are likely to push UK inflation higher later in 2026, tilting risks to the upside. The UK 10-year gilt yield held above 5.04%, near a two-month high, as markets processed the hawkish hold alongside renewed US airstrikes on Iran.
Read full article → Trading Economics · Enhiyi Strategic(31 Jul) Gold traded around $4,100/oz on Friday, also drawing support from a sharp US dollar decline as Japan was suspected to have intervened in currency markets to strengthen the yen. The Japanese yen's appreciation rippled through global assets, lifting gold and weighing on export-sensitive Asian equities; the Nikkei had already fallen 1.49% on July 29.
Read full article → Trading Economics · InvestingLiveEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(26 Feb) The IMF Executive Board completed the combined fifth and sixth reviews of Egypt's EFF programme, enabling an immediate draw of approximately $2.0bn (SDR 1,465.44mn) under the EFF and $273mn under the RSF, bringing total purchases to ~$5.21bn. Egypt's 46-month EFF arrangement, approved Dec 2022, was extended through December 15, 2026. The IMF noted GDP growth of 4.4% in FY2024/25 and inflation declining to 11.9% in January 2026.
Read full article → IMF(Jul 2026) The IMF's July 2026 World Economic Outlook Update projected Egypt's GDP growth at 4.6% in 2026, up from 4.4% in 2025, as non-oil manufacturing, tourism and communications offset Suez Canal and extractive-sector weakness. Globally, headline inflation is projected to rise from 4.1% in 2025 to 4.7% in 2026, driven by a 32% spike in crude oil prices. The IMF attributed some market relief to a ceasefire memorandum between the US and Iran but noted downside risks remain.
Read full article → Ahram Online(9 Jul) The CBE's Monetary Policy Committee kept the overnight deposit rate at 19%, overnight lending at 20%, and both the main operation and discount rates at 19.5% — the third straight hold, pausing a near-year-long easing cycle. The MPC said inflation is expected to remain above the 7% (±2pp) Q4-2026 target before easing gradually in H1-2027. Geopolitical tensions from the US-Iran war and elevated global energy prices were cited as upside inflation risks.
Read full article → Egypt Today · Trading Economics · Daily News Egypt(10 Jul) CAPMAS reported annual headline inflation fell to 12.2% in June from 13.0% in May and 14.4% in June 2025, the third consecutive monthly decline and the lowest since February. The CBE simultaneously reported urban CPI at 14.3% and core inflation at 14.3% year-on-year in June, up from 13.8% in May. Food and beverages moderated sharply to 5.4% from 7.6%, while housing and utility inflation accelerated to 41.2%.
Read full article → Ahram Online · Zawya · CBE(Jul 2026) Egypt's net international reserves increased by approximately $1.94 billion to reach $55.07 billion at the end of June 2026, a continuation of the steady rebuilding from the FX crisis lows. The World Bank had noted official FX reserves of $67.5bn (including other FCA) as of end-February 2026, before portfolio outflows estimated at $6.1bn in the first half of March 2026 due to Middle East conflict escalation.
Read full article → Ahram Online · World Bank(30 Jul) Egypt's EGX30 fell 0.35% to 53,442.2 points on Thursday, with turnover of EGP 11.9bn — 25.5% above the 90-day average — as local investors were the sole net sellers. Foreign and Arab investors were also net sellers. Top gainers: AMOC (+7.0%), Abu Qir Fertilizers (+2.4%), ADIB (+1.4%). Top losers: Telecom Egypt (-3.0%), Beltone Holding (-2.6%), Heliopolis Housing (-2.5%). The index remains up 27.8% YTD.
Read full article → Enterprise AM · Amwal Al Ghad(30 Jul) CNN and CNBC reported that two ships were struck by a drone attack at the Port of Damietta on Egypt's Mediterranean coast, the site of a major liquefied natural gas hub, marking the first time Egypt was directly targeted in the US-Iran conflict. No group has claimed responsibility. The attack added to market concern over widening conflict risk, coming as Bab al-Mandeb transits fell ~20% and US Central Command redirected 24 commercial vessels in the region.
Read full article → CNN · CNBC(30 Jul) Enterprise reported that a proposed Real Estate Developers Federation is in discussion, with the aim of weeding out undercapitalized players by ranking firms based on their project delivery capacity. The lead story for July 30's Enterprise AM edition, insiders warned the ranking system could permanently entrench industry giants unless smaller but serious newcomers have a clear and defined path to scale up. The proposal is being reviewed by sector stakeholders.
Read full article → Enterprise AM(World Bank Jul 2026) The World Bank confirmed Egypt's primary surplus reached 3.5% of GDP in FY25, supported by tax revenue gains and spending restraint, with central government debt declining to 82.5% of GDP from 90.1% at end-FY24. However, interest payments remain very high at 10.6% of GDP, significantly constraining fiscal space for development spending. The structural improvement is underpinned by the IMF EFF program conditions.
Read full article → World Bank(16 Jul) The Suez Canal Economic Zone (SCZone) posted record revenue in FY2025-2026, according to Ports Europe. Canal transit revenues had fallen to an estimated $5.5–6.0bn in FY2024/25 from a record $9.4bn in FY2022/23, due to Houthi attacks diverting shipping to the Cape of Good Hope. A partial recovery toward $6–7bn was forecast for FY2025/26 as some routes normalised, though renewed US-Iran conflict risk in July has increased Bab al-Mandeb disruption.
Read full article → Ports Europe · NewsNow(30 Jul) Enterprise AM noted that four more state-owned companies are looking to list on the Egyptian Exchange in July 2026, as the government continues its privatisation and public offering pipeline. No further details on names or sector were disclosed in the available snippet. The push is part of Egypt's ongoing commitment to expand private-sector involvement in the economy under its IMF-backed reform programme.
Read full article → Enterprise AM(29 Jun) Bank of America moved Egypt to the top of its emerging-markets equity screen, citing stronger corporate earnings momentum and attractive valuations. The upgrade, reported by Investing.com, follows the EGX30's 55%+ annual gain and improvement in Egypt's macro fundamentals. BofA's upgrade reflects confidence in Egypt's post-devaluation earnings recovery and continued foreign investor interest in domestic debt and equity markets.
Read full article → Investing.com