The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,707.98 | -0.52% |
| Dow Jones | 53,463.05 | -0.57% |
| Nasdaq | 26,331.09 | -0.97% |
| FTSE 100 | 10,743.35 | -0.83% |
| DAX | 26,091.33 | -0.91% |
| CAC 40 | 8,501.91 | -1.72% |
| Nikkei 225 | 66,089.32 | -3.82% |
| Hang Seng | 25,786.32 | +1.53% |
| Index | Level | Change |
|---|---|---|
| EGX 30 | 54,512.70 | -1.38% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.65% |
| 1-year UST | 4.00% |
| 2-year UST | 4.19% |
| 3-year UST | 4.25% |
| 5-year UST | 4.35% |
| 10-year UST | 4.65% |
| 30-year UST | 5.19% |
| 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 | 50.60 | +0.91% |
| EUR / USD | 1.1681 | +1.27% |
| GBP / USD | 1.3613 | +0.90% |
| USD / JPY | 158.46 | -0.60% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +3.09% · $/oz | ▲ $4,554.20 |
| WTI crude +0.08% · $/bbl | ▲ $84.57 |
| Brent crude +1.19% · $/bbl | ▲ $91.95 |
(19 Aug) Federal Reserve officials indicated they would be open to raising borrowing costs if inflation fails to moderate, according to the minutes from the late-July policy meeting. The central bank emphasized that maintaining a restrictive stance remains necessary to ensure price stability.
Read full article → CNBC(19 Aug) The U.S. Treasury Department announced it is doubling its purchases of longer-dated bonds in an effort to stabilize the government debt market. The move targets the sensitive long-duration segment of the market to help manage swelling issuance.
Read full article → CNBC(20 Aug) The Trump administration has escalated its pressure campaign against Iran by announcing a new phase of economic warfare. Officials warned of severe consequences for nations and entities that continue to support Tehran's operations.
Read full article → CNBC(19 Aug) President Trump has temporarily paused impending tariffs on Canadian goods after claiming to reach a preliminary agreement with Ottawa. The delay provides a brief window for negotiations to resolve ongoing trade disputes regarding metals, lumber and auto parts.
Read full article → CNBC(20 Aug) Japanese exports exceeded expectations in July, marking a fifth consecutive month of growth driven by strong demand for semiconductor equipment. The surge in technology shipments highlights the ongoing global appetite for artificial intelligence infrastructure.
Read full article → CNBC(19 Aug) U.S. lawmakers are considering measures to close a regulatory loophole that has allowed Chinese artificial intelligence firms to access advanced computing power via overseas cloud services. The proposed actions aim to tighten existing export controls on high-end semiconductors.
Read full article → CNBC(19 Aug) A combination cancer vaccine developed by Moderna and Merck demonstrated significant efficacy in extending patient survival without disease recurrence in late-stage trials. The positive clinical data for the melanoma treatment prompted a strong rally in both companies' shares.
Read full article → CNBC(19 Aug) Goldman Sachs reports that artificial intelligence is beginning to exert downward pressure on employment across several developed economies. The analysis indicates that automation is increasingly substituting for human labor in specific sectors, altering the traditional jobs market.
Read full article → CNBC(20 Aug) Chinese government bond yields have remained subdued despite a broader global increase, enhancing the asset class's appeal for portfolio diversification. This divergence reflects differing monetary policy trajectories between Beijing and major Western central banks.
Read full article → CNBC(20 Aug) Shares of SK Hynix posted significant gains in Seoul following the memory chipmaker's announcement of a substantial share repurchase program. The buyback is designed to return capital to shareholders and support the stock amid strong demand for artificial intelligence hardware.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(20 Aug) The Central Bank of Egypt raised its economic growth forecast for the 2025/2026 fiscal year to 4.9%, up from 4.8%. It also revised the real GDP growth estimate for the fiscal year ended in June to 5%.
Read full article → Economy Plus(20 Aug) The risk premium on Egypt's US dollar-denominated sovereign bonds fell to 322 basis points, the lowest level since 2014. The decline is supported by record foreign exchange reserves of $56.3 billion and improved investor confidence in the economic reform program.
Read full article → Economy Plus(20 Aug) The Finance Ministry is studying the provision of digital services to allow Egyptians abroad to settle their real estate taxes electronically without visiting Egypt. The move is part of the second phase of tax facilitations and the state's digital transformation drive.
Read full article → Economy Plus(20 Aug) The value of Egyptian exports increased by 7.1% year-on-year to $28 billion in the first half of the year. Imports also rose 23.6% to $60.4 billion, bringing total trade volume to $88.4 billion.
Read full article → Economy Plus(20 Aug) The Financial Regulatory Authority approved the regulatory framework for short selling to boost liquidity and pricing efficiency in the capital market. The rules require brokers to manage borrower accounts, assess financial suitability, and collect a cash margin of at least 50% of the borrowed securities' market value.
Read full article → Economy Plus(20 Aug) The Transport Ministry plans to issue tenders by the end of the year for the supply of equipment and systems for the electric fast train network worth 1.3 billion euros. The supplies will be executed over the next two years for the second and third lines, with payments made in Egyptian pounds.
Read full article → Economy Plus(20 Aug) The Petroleum and Mineral Resources Ministry laid the foundation stone for an industrial complex to produce phosphoric acid from Egyptian phosphate ore in the Abu Tartour plateau, with investments of $658 million. The project aims to produce 250,000 tons annually in its first phase and is expected to be completed within 30 months.
Read full article → Economy Plus(20 Aug) The Petroleum Ministry increased natural gas supplies to fertilizer and petrochemical plants by 19% in August to about 810 million cubic feet per day. The increase aims to boost production rates and raise exports, supported by higher LNG imports and continued pipeline gas flows.
Read full article → Economy Plus(20 Aug) An Egyptian-Saudi investment project signed a contract to establish an industrial complex for producing cladding panels and aluminum rolls with investments reaching $50 million. The factory will be built on a 25,000 square meter plot in the Sokhna industrial zone, with initial investments of $18 million in its first phase.
Read full article → Economy Plus(20 Aug) The Central Bank of Egypt expects headline inflation to average 16.6% in the current fiscal year, with potential escalation to 17.8% if regional tensions rise. Markets are awaiting the Monetary Policy Committee's decision on Thursday, with expectations for rates to remain unchanged following July's inflation acceleration.
Read full article → Economy Plus(20 Aug) The main EGX30 index fell 1.31% to 54,512.65 points on Wednesday, driven by local selling pressure and sharp declines in small and mid-cap stocks. The broader market lost about 74 billion Egyptian pounds in market capitalization, bringing the total to 4.217 trillion pounds.
Read full article → Economy Plus(20 Aug) Global real estate research firm JLL expects about 1,277 new hotel rooms to enter the Cairo market by the end of 2026, with another 3,500 rooms scheduled for the following year. The forecast follows a 4% year-on-year growth in tourist arrivals to Egypt in the first half of 2026.
Read full article → Economy Plus(20 Aug) Egypt and Qatar will begin the first round of negotiations for a Comprehensive Economic Partnership Agreement in October to boost trade and investments. The announcement was made during a preparatory meeting for the seventh session of the joint Egyptian-Qatar higher committee.
Read full article → Economy Plus(20 Aug) The government is moving to include a wider list of basic food items in the cash subsidy system, allowing eligible families more freedom of choice. The new system is scheduled to be implemented on January 1, 2027, providing about 325 Egyptian pounds per individual monthly.
Read full article → Economy Plus(20 Aug) Saudi Gold Refinery is planning initial exploration investments of $10 million in Egypt, which could reach $200 million if it moves to gold production and manufacturing. The company has applied for exploration licenses in areas offered by the Egyptian government in the Eastern Desert.
Read full article → Economy Plus(20 Aug) UAE-based Parkin signed a memorandum of understanding with Madinet Misr, Mwasalat Misr, and Redcon Constructions to explore cooperation in the Egyptian market. The agreement aims to study the development of integrated solutions for smart parking, public parking, and technology-supported mobility services.
Read full article → Economy Plus(20 Aug) Saudi Aramco informed at least three European refineries that it will provide full contracted crude oil volumes for September, easing supply concerns. Some buyers will receive shipments from Egypt's Sidi Kerir port, while others have options for Yanbu or ship-to-ship transfers off Malta.
Read full article → Economy Plus(20 Aug) Al Rajhi Capital reported that Saudi Arabia's construction sector grew in July for the third consecutive month, driven by infrastructure projects and strong demand. The shift in growth leadership from residential activity to infrastructure projects indicates a broadening recovery base within the sector.
Read full article → Economy Plus(20 Aug) Saudi Arabia successfully raised 9.5 billion riyals from a recent sukuk issuance. The offering contributes to the kingdom's ongoing domestic debt market and fiscal planning.
Read full article → Economy Plus(20 Aug) The Saudi government is set to transfer 25% of the shares of the four major football clubs to the Public Investment Fund. The move shifts a portion of the clubs' ownership directly to the sovereign wealth fund.
Read full article → Economy Plus(20 Aug) The minutes from the US Federal Reserve's July meeting showed growing concerns among policymakers about inflation, with some ready to raise interest rates if price pressures do not ease. Policymakers emphasized the need for a more restrictive stance to ensure price stability while supporting maximum employment.
Read full article → Economy Plus(20 Aug) US President Donald Trump postponed the imposition of new 50% tariffs on a wide range of Canadian goods by three days, just before they were due to take effect. The delay follows significant progress in trade negotiations between Washington and Ottawa.
Read full article → Economy Plus