Daily Market Brief

Egypt & Global Markets · Research Desk
Wednesday, 16 September 2026 · Hedge Research Desk
The Read
Global equities suffered a broad sell-off across major indices while crude oil prices surged, leaving Egypt's local bourse as a rare outlier with modest gains.
Strategy · Execution · Growth
S&P 5007,585.73-1.14%Dow Jones52,093.11-1.31%Nasdaq25,981.57-1.66%FTSE 10010,658.13-1.42%DAX25,402.28-2.33%CAC 408,090.28-0.81%Gold$4,365.20Brent$107.87USD/EGP52.01+1.56%EUR/USD1.1547-0.75%Fed3.50–3.75%S&P 5007,585.73-1.14%Dow Jones52,093.11-1.31%Nasdaq25,981.57-1.66%FTSE 10010,658.13-1.42%DAX25,402.28-2.33%CAC 408,090.28-0.81%Gold$4,365.20Brent$107.87USD/EGP52.01+1.56%EUR/USD1.1547-0.75%Fed3.50–3.75%
EGX 30
54,909.20
+0.21%
S&P 500
7,585.73
-1.14%
Gold
$4,365.20
USD / EGP
52.01
+1.56%
Brent
$107.87
01

5-Year Trend

The structural picture behind today’s tape — pick an indicator to see its five-year path.

USD / EGP · EGP
52.01
▲ +231% over 5y
12.5123.7635.0246.2757.52 2021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-312026-09-16 USD / EGP
S&P 500 · index
7,586
▲ +65% over 5y
3,2584,4475,6366,8258,014 2021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-09-15 S&P 500
Gold · XAU/USD · $/oz
4,365
▲ +145% over 5y
1,3872,2893,1914,0924,994 2021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-09-16 Gold · XAU/USD
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,585.73-1.14%
Dow Jones52,093.11-1.31%
Nasdaq25,981.57-1.66%
FTSE 10010,658.13-1.42%
DAX25,402.28-2.33%
CAC 408,090.28-0.81%
Nikkei 22563,794.49-2.26%
Hang Seng24,697.35-2.29%
Egypt & RegionEGX
IndexLevelChange
EGX 3054,909.20+0.21%
03

Rates & Central Banks

US · Federal Reserve
3.50–3.75%
Fed funds target — on hold.
Euro Area · ECB
2.50%
ECB deposit facility.
Global Benchmark Rateslatest levels
RateLevel
United States
Fed funds target on hold3.50–3.75%
SOFR (overnight)3.62%
Euro Area
ECB deposit facility2.50%
ECB main refinancing2.65%
ECB marginal lending2.90%
€STR2.19%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP52.01+1.56%
EUR / USD1.1547-0.75%
GBP / USD1.3483-0.51%
USD / JPY155.33+1.15%
Commoditieslatest
CommodityPrice
Gold · XAU/USD -0.99% · $/oz▼ $4,365.20
WTI crude +4.55% · $/bbl▲ $104.60
Brent crude +3.12% · $/bbl▲ $107.87
05

Global Economy

Japan · Monetary Policy

BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey

(16 Sep) The Bank of Japan is widely anticipated to raise borrowing costs to a fresh high, according to a recent survey. This move signals a continued shift away from the ultra-loose monetary policy that has defined the economy for years.

Read full article → CNBC
China · Economy

China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing

(15 Sep) Chinese consumer spending missed expectations in August as an investment slump deepened, highlighting a persistent supply-demand imbalance. The disappointing data piles further pressure on Beijing to introduce additional economic stimulus measures.

Read full article → CNBC
China · Regulation

Wealthy Chinese, tech talent confront tighter borders as Beijing widens exit controls

(15 Sep) Beijing has implemented stricter border-control regulations aimed at preventing the outflow of capital and the departure of skilled professionals. The new measures are designed to retain vital assets amid ongoing economic transitions.

Read full article → CNBC
US · Fixed Income

10-year Treasury yield hits highest level since 2007 as traders bet a Fed rate hike is coming

(15 Sep) The sell-off in United States government debt is deepening as investors price in an impending interest rate hike. Bond yields have surged to their highest levels in years, reflecting shifting expectations for monetary policy.

Read full article → CNBC
US · Economy

Americans' incomes rose and poverty fell in 2025, Census Bureau says

(15 Sep) United States household incomes increased and poverty declined last year, according to new data from the Census Bureau. These positive labor market indicators arrive as the Federal Reserve considers further interest-rate increases that could slow economic growth.

Read full article → CNBC
Global · Commodities

Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure

(16 Sep) Crude prices retreated after an unexpected increase in American inventories outweighed supply disruption concerns. Traders are closely monitoring the situation following an attack on a major Saudi pipeline, though the immediate market reaction was muted by the larger stockpile build.

Read full article → CNBC
Tech · Infrastructure

AWS says it can't restore service to Bahrain, UAE facilities 6 months after Iran strikes

(15 Sep) Amazon Web Services has revealed it cannot yet restore cloud services to data centers in the Middle East following drone strikes earlier this year. The prolonged outage underscores the ongoing infrastructure vulnerabilities in the region stemming from regional conflicts.

Read full article → CNBC
Indonesia · Fiscal Policy

Indonesia's new finance minister faces an uphill battle on fiscal credibility

(16 Sep) Indonesia has appointed a new finance minister following the sudden dismissal of his predecessor, tasking him with restoring fiscal credibility. The incoming minister brings extensive experience from his previous tenure leading the ministry's fiscal policy agency.

Read full article → CNBC
Global · Currencies

Why de-dollarization discussions are more talk, less action

(15 Sep) BRICS leaders have repeatedly asserted the need to utilize local currencies for intra-bloc trade to reduce dependency on the dollar. However, structural and economic realities suggest that these de-dollarization discussions remain largely rhetorical rather than actionable in the near term.

Read full article → CNBC
US · Regulation

Senate cloture vote on Clarity Act fails, dealing regulatory blow to crypto industry

(15 Sep) The United States Senate voted to block the Clarity Act from advancing, halting progress on a comprehensive market framework for digital assets. This legislative setback leaves the cryptocurrency industry without the clear regulatory guidelines it has been seeking.

Read full article → CNBC
06

Egypt Focus

Egypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.

Egypt · Saudi Arabia

Sisi, bin Salman agree to remove obstacles to trade and investment

(15 Sep) Egyptian President Abdel Fattah al-Sisi and Saudi Crown Prince Mohammed bin Salman agreed to intensify efforts to eliminate obstacles to trade and investment between the two countries during a meeting in Cairo. The leaders also affirmed that Saudi and Gulf security is part of Egypt's national security and reiterated their commitment to ensuring freedom of navigation in the Red Sea and the straits of Hormuz and Bab el-Mandeb.

Read full article → Economy Plus
Egypt · Public Finance

Government studies 140 billion EGP debt settlement for supply authority

(16 Sep) The government is studying a plan to settle 140 billion EGP in bank debts owed by the General Authority for Supply Commodities to clear financial entanglements dating back to 2014. The Finance Ministry will repay the debt, which stems from credit facilities guaranteed by the ministry, partly in cash and the remainder through annual treasury bill issuances over 10 years starting in 2027.

Read full article → Economy Plus
Egypt · Banking

Central bank withdraws 499.84 billion EGP in surplus liquidity

(15 Sep) The Central Bank of Egypt withdrew 499.84 billion EGP from banks' surplus liquidity through a seven-day deposit operation, marking its largest liquidity withdrawal in about 15 months. The central bank accepted all bids at a fixed return rate of 19.5%, with the deposits maturing on September 22.

Read full article → Economy Plus
Egypt · Public Finance

Tax revenues to GDP ratio rises by 1.6% over two years

(16 Sep) Finance Minister Ahmed Kouchouk announced that the ministry succeeded in increasing the ratio of tax revenues to GDP by 1.6% over the past two fiscal years. He noted that this increase was achieved without imposing new burdens or raising taxes, but rather by expanding the tax base and simplifying procedures.

Read full article → Economy Plus
Egypt · Capital Markets

Egyptian Exchange expects 1 million new investors by year-end

(16 Sep) Egyptian Exchange Chairman Omar Radwan stated that the bourse saw about 450,000 new investors this year, up from 199,000 last year. He expects the number to reach 1 million by the end of the year if the current growth rate continues.

Read full article → Economy Plus
Egypt · Banking

Digital bank Yomo targets 10 million customers in Egypt

(16 Sep) Commercial International Bank CEO Hisham Ezz Al-Arab announced that digital bank Yomo aims to attract 10 million customers in Egypt within five years. Yomo has received an initial banking license from the Central Bank of Egypt to operate as a digital bank, with CIB investing $300 million in the venture.

Read full article → Economy Plus
Egypt · Energy

Electricity ministry tenders for consultant on remote renewable energy project

(16 Sep) The Ministry of Electricity and Renewable Energy has issued a tender to select a global consultant to provide technical assistance for a project aimed at sustainably supplying electricity to remote areas in Egypt via microgrids. The French Development Agency is funding the technical assistance with a grant of up to 1 million euros, which does not cover the execution of the grid or power plant works.

Read full article → Economy Plus
Egypt · Energy

South Valley Petroleum targets 44,000 barrels per day oil production

(16 Sep) South Valley Egyptian Petroleum Holding Company aims to raise its average crude oil production to 44,000 barrels per day in the upcoming fiscal year, up from the current 33,000 barrels per day. Chairman Samir Raslan stated that the company is accelerating the implementation of the Petroleum Ministry's strategy to intensify exploration in the southern Western Desert.

Read full article → Economy Plus
Egypt · Utilities

Egypt studies seawater desalination project at Dabaa nuclear site

(16 Sep) Egypt is studying the establishment of an integrated seawater desalination project at the Dabaa nuclear power plant site in cooperation with Rosatom Smart Utilities. Electricity Minister Mahmoud Esmat met with Rosatom Smart Utilities CEO Ksenia Sukhotina to discuss developments in developing the project and localizing related industries.

Read full article → Economy Plus
Egypt · Commodities

Sugar prices remain stable despite export opening

(16 Sep) Adequate sugar inventories held by traders and food manufacturers are preventing a new wave of price increases, despite the government opening sugar exports about three weeks ago. Sources said that while sugar factories raised their offer prices, they could not close deals at those levels due to large existing stockpiles purchased at lower prices.

Read full article → Economy Plus
Egypt · Retail

Supply ministry opens 20 new Carry On supermarket branches

(16 Sep) The Ministry of Supply and Internal Trade opened 20 new branches of its Carry On chain across Cairo, Giza, Qalyubia, and Alexandria, bringing the total to 24 branches. The expansion is part of a plan to develop multi-purpose outlets that combine supermarket services with the distribution of subsidized goods.

Read full article → Economy Plus
Egypt · Capital Markets

Egyptian Exchange indices rise on local and Arab buying

(15 Sep) The Egyptian Exchange's main EGX30 index rose 0.21% to close at 54,909 points, supported by purchases from Egyptian and Arab investors. The EGX70 index for small and medium caps and the broader EGX100 index also gained 0.43% and 0.42%, respectively.

Read full article → Economy Plus
Egypt · Forex

Dollar crosses 52 EGP amid hot money inflows

(15 Sep) The US dollar crossed the 52 EGP mark, rising by about 21 piastres to reach 51.99 EGP for buying and 52.13 EGP for selling. This comes despite the return of hot money flows into the secondary government debt market, with net purchases by foreign and Arab investors reaching $463 million.

Read full article → Economy Plus
Egypt · Regulation

FRA mandates consumer finance companies to use I-Score for client assessment

(16 Sep) The Financial Regulatory Authority has licensed consumer finance companies to inquire about clients' behavioral assessments based on alternative data analysis through the credit bureau I-Score. FRA Chairman Islam Azzam issued decision number 2863 of 2026, requiring companies to consider the assessment results when deciding to grant or reject financing.

Read full article → Economy Plus
Egypt · Logistics

Egypt Maritime Ports starts trial operation at Sokhna port

(16 Sep) Egypt Maritime Ports, affiliated with the Transport Ministry, launched the trial operation of the first phase of the general cargo and bulk terminal at Sokhna Port, receiving its first vessel. Transport Minister Kamel El-Wazir stated that the terminal is built on a 397,000 square meter yard and features two berths with a total length of 1,200 linear meters and a depth of up to 18 meters.

Read full article → Economy Plus
Egypt · Logistics

Chinese delegation visits Cairo to explore transport and logistics investments

(16 Sep) A Chinese delegation comprising government leaders and specialized companies is visiting Cairo to explore investment opportunities in the transport sector, the Suez Canal Economic Zone, and seaports. The delegation includes officials from the Shenzhen and Shandong governments, alongside representatives from 10 technology companies and research centers focused on smart transport and digital logistics.

Read full article → Economy Plus
Egypt · Capital Markets

Kuwaiti group sells stake in Ceramica Cleopatra

(16 Sep) A Kuwaiti real estate investment group sold about 65.5 million shares of its holdings in Ceramica Cleopatra, totaling nearly 97.5 million EGP. The transaction reduced the group's stake in the company's capital from 21.04% to 14.96%.

Read full article → Economy Plus
Egypt · Corporate

Orascom Investment Holding Q1 net losses surge 127.7%

(16 Sep) Orascom Investment Holding reported a 127.7% year-on-year increase in net losses during the first quarter of 2026, reaching about 689.55 million EGP. The losses occurred despite consolidated operating revenues jumping more than 12 times, driven by financial asset impairment and currency differences.

Read full article → Economy Plus
Saudi Arabia · Energy

US energy secretary expects Saudi pipeline to resume in days

(15 Sep) US Energy Secretary Chris Wright stated that oil could resume flowing through Saudi Arabia's East-West pipeline within days after it was temporarily shut down following drone attacks. Wright noted that while a detailed assessment is ongoing, the resumption is expected to be measured in days.

Read full article → Economy Plus
UAE · Energy

ADNOC buys discounted Iraqi crude

(16 Sep) The Abu Dhabi National Oil Company purchased millions of barrels of discounted Iraqi crude oil from the State Organization for Marketing of Oil through its trading arm, ADNOC Trading. The move comes as ADNOC Trading seeks to strengthen its commercial role amid supply disruptions caused by the conflict in Iran.

Read full article → Economy Plus
Libya · Energy

Libya NOC suspends operations at two oil fields

(15 Sep) Libya's National Oil Corporation suspended operations at the Hamada and Tahara oil fields and a pumping station after facility protection guards closed a valve on the main Hamada-Zawiya shipping line. The NOC warned it may be forced to declare force majeure if the valve remains closed or if other fields face similar forced closures.

Read full article → Economy Plus
Global · Shipping

Oil tanker charter costs hit record $1.035 million per day

(15 Sep) The cost of chartering oil tankers on a key route exceeded $1 million per day for the first time, reaching $1.035 million daily for shipments from the Arabian Gulf to China. The record rates reflect a shortage of vessels willing to cross the Strait of Hormuz amid the fallout from the conflict in Iran.

Read full article → Economy Plus