The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 Jul 31 close; Amazon +15% led tech recovery post-FOMC | 7,500.52 | +0.85% |
| Dow Jones Jul 31 close; fourth straight winning month | 52,596.95 | +0.74% |
| Nasdaq Composite Jul 31 close; snapped six-day losing streak Th then extended gains Fri | 25,391.28 | +1.07% |
| FTSE 100 Jul 31 close; Yahoo Finance | 10,868.05 | -0.27% |
| DAX Jul 31 close; continental Europe outperformed UK | 25,629.24 | +0.07% |
| CAC 40 Jul 31 close; Yahoo Finance | 8,509.64 | +0.28% |
| Nikkei 225 Jul 31 close; semiconductor rally on US tech earnings | 64,362.02 | +4.03% |
| Hang Seng Jul 31 close; near resistance at 25,200 | 25,884.43 | +0.10% |
| Index | Level | Change |
|---|---|---|
| EGX 30 Investing.com live Aug 1; day range 53,633–54,003; 52-wk 33,800–54,977 | 53,729.97 | +0.19% |
| Instrument | Rate / Yield | Note |
|---|---|---|
| Policy corridor | ||
| Overnight deposit | 19.00% | Unchanged – third consecutive hold; MPC Jul 10 2026 |
| Overnight lending | 20.00% | Unchanged – corridor ceiling; MPC Jul 10 2026 |
| Main operation rate | 19.50% | Unchanged; MPC Jul 10 2026 |
| Discount rate | 19.50% | Unchanged; effective from Feb 15 2026; CBE.org.eg |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.65% |
| 1-year UST | 4.08% |
| 2-year UST | 4.28% |
| 3-year UST | 4.34% |
| 5-year UST | 4.45% |
| 10-year UST | 4.75% |
| 30-year UST | 5.27% |
| Euro Area | |
| ECB deposit facility | 2.25% |
| ECB main refinancing | 2.40% |
| ECB marginal lending | 2.65% |
| €STR | 2.19% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 50.70 | -1.09% |
| EUR / USD | 1.1750 | approx |
| GBP / USD | 1.3490 | approx |
| Commodity | Price |
|---|---|
| Gold · XAU/USD Jul 31 2026 close; Investing.com; 52-wk ATH $5,595; Fed hold + suspected BoJ FX intervention drove intraday swings; Trading Economics $4,086 | ▼ $4,076 |
| Brent Crude Jul 30 2026; Forbes Advisor; 52-wk ATH $120.88 (Apr 30 2026); ceasefire hopes + softening demand weigh | ▼ $89.95 |
| WTI Crude Investing.com Jul 31 range 83.01–85.93; prior month avg $77.13 | — $84.50 |
(29 Jul) The Federal Reserve voted 9-3 to keep the federal funds rate at 3.50%–3.75%, citing solid growth and elevated inflation partly driven by Middle East conflict supply shocks. Three dissenting members wanted an immediate 25 bp hike — the first multi-dissent since 2022. Chair Warsh acknowledged the 'family fight' and signalled the September 15-16 meeting remains live; CME FedWatch puts a 41.9% chance of a hold in September.
Read full article → CNBC · Fox Business · Advisor Perspectives(31 Jul) Amazon's blowout cloud growth and Alphabet's AI-driven beat drove a broad Friday rally, with the Nasdaq closing up 1.07% and the S&P 500 adding 0.85%. Apple fell 8% on softer-than-expected iPhone demand, while Microsoft added 3% on Azure momentum. The Dow recorded its fourth straight winning month.
Read full article → CNBC · Trading Economics · 24/7 Wall St.(29 Jul) U.S. equities snapped back sharply after the FOMC-day sell-off, with the Nasdaq Composite finishing 2.8% higher at 25,122 — ending a six-day losing streak — as Microsoft jumped 16% on Azure cloud beats and semiconductor names broadly recovered. The Dow surged 614 points and the S&P 500 climbed 1.7% to 7,437.
Read full article → CNBC(31 Jul) The US Treasury curve steepened materially following the Fed's three-dissent hold. The 10-year yield finished July at 4.75% (up from 4.68% the prior session on FRED), while the 30-year rose to 5.28%. The 1-year stands at 4.05%, keeping the 10-2 spread at +0.45 pp — still off inversion — and reflecting market pricing of potential rate hikes in late 2026.
Read full article → ETFTrends · StreetStats · FRED St. Louis Fed(30 Jul) Brent crude slipped 0.56% to $89.95/bbl, retreating from its April 30 peak of $120.88. Gold traded around $4,076–4,086 at month-end, drawing support from the Fed's dovish hold even as expectations of a September rate hike — now priced at ~63% probability — capped upside. Suspected Bank of Japan yen intervention added FX volatility to metals markets.
Read full article → Forbes Advisor · Trading Economics · RoboForexEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(31 Jul) The IMF executive board approved a ~$1.8 bn disbursement under Egypt's Extended Fund Facility and Resilience and Sustainability Facility, bringing total programme disbursements to approximately $7.3 bn. Deputy MD Nigel Clarke praised Egypt's solid macro entry position into the Middle East conflict but flagged elevated public debt and financing rollover needs as key vulnerabilities. The board also extended the programme to December 2026.
Read full article → Daily News Egypt · The National(31 Jul) The IMF's seventh review found headline inflation at 14.3% in June after peaking at 15.2% in March, but warned that energy price adjustments, exchange-rate depreciation and unfavourable base effects would push inflation back toward 16.7% in H2, delaying convergence to the CBE's 7% (±2pp) target by approximately one year. Egypt's economy grew 5.2% in the first three quarters of FY25/26; growth is expected to moderate to 4.4% for FY26/27.
Read full article → The National · Daily News Egypt(11 Jul) The Monetary Policy Committee kept the overnight deposit rate at 19%, lending at 20%, main operation and discount rates at 19.5%. The MPC said real GDP growth showed a slight moderation in Q2 FY26 due to regional conflict impact, and that inflation is expected to resume a gradual downward path, reaching single digits and approaching the 7% target range during H2 2027. The committee flagged further regional escalation as the principal upside risk to inflation.
Read full article → Daily News Egypt · Egypt Today · CBE.org.eg(16 Jul) Official reserves reached $67.5 bn at end-February 2026, up $7.8 bn year-on-year, supported by record remittance inflows — up more than 30% in the last fiscal year — robust tourism receipts, and a gradual recovery in Suez Canal revenues. The CBE has kept its key rate at 19% partly to preserve the high-yield carry that attracts non-resident portfolio inflows financing the fiscal deficit.
Read full article → The National · World Bank MPO(28 Jul) The Egyptian government is close to completing its post-programme economic blueprint, according to Enterprise AM. In parallel, six public-sector holding companies are near transfer to line ministries or other state entities, while the second phase of restructuring 65 subsidiaries is due to begin by end-2026. The plan is expected to anchor fiscal consolidation and state footprint reduction commitments beyond the current IMF EFF.
Read full article → Enterprise AM(28 Jul) Rameda Pharmaceutical, listed on the EGX, confirmed in a bourse filing plans to construct a pharmaceutical manufacturing facility in Saudi Arabia worth approximately USD 70 mn in partnership with its largest shareholder LVP Pharma — owned by LimeVest healthcare investment firm. LVP recently raised its Rameda stake to 31.5% after acquiring an 8.3% block for EGP 847 mn. The move marks Egypt's most significant pharma foreign-direct-investment push of 2026.
Read full article → Enterprise AM(31 Jul) Despite the $1.8 bn disbursement approval, the IMF noted substantial downside risks: potential escalation of regional tensions, difficulties sustaining tight policies amid social pressures, elevated rollover and refinancing needs, and slow progress reducing the state's economic footprint. On the upside, a renewal of the US–Iran ceasefire agreement, recovery in Suez Canal activity, and accelerated structural reforms could lower energy prices and boost investor sentiment.
Read full article → The National · IMF Country Report(Jul) PM Mostafa Madbouly directed the ministerial economic group to update comprehensive scenarios for handling the economic fallout of military operations involving the US, Israel and Iran. Energy import costs are rising due to higher oil prices during peak summer demand, and economists warn fuel subsidies could balloon if prices stay elevated, with fuel price pass-through a direct risk to CPI in H2 2026.
Read full article → Egypt Today(Jul) A payment under the EU's €5 bn macro-financial assistance package to Egypt has been released, according to Egypt Today. The disbursement follows continued coordination by Egypt's Ministry of Foreign Affairs and International Cooperation overseeing the programme's implementation. The EU facility is designed to support Egypt's balance of payments and budget amid ongoing regional turbulence.
Read full article → Egypt Today(16 Jul) The Suez Canal Economic Zone recorded record revenue for FY2025/26, according to Ports Europe and Egypt Independent, even as overall Suez Canal shipping traffic has yet to fully recover from Red Sea disruptions that cut canal revenues from a $10.3 bn peak to an estimated $4 bn trough. The IMF's July review noted a gradual recovery in canal receipts, with a ceasefire extension flagged as the primary upside scenario.
Read full article → Egypt Independent · IMF