Daily Market Brief

Egypt & Global Markets · Research Desk
Friday, 2 October 2026 · Hedge Research Desk
The Read
Global equities faced broad selling pressure with European and Asian indices posting sharp declines, while the Egyptian exchange and gold advanced against a backdrop of mixed currency and crude oil movements.
Strategy · Execution · Growth
S&P 5007,666.45-0.49%Dow Jones50,926.56-0.82%Nasdaq26,871.60-0.25%FTSE 10010,428.27-2.36%DAX24,939.35-1.29%CAC 407,835.31-3.00%Gold$4,214.70Brent$102.11USD/EGP52.27+0.84%EUR/USD1.1257-1.06%Fed3.75–4.00%S&P 5007,666.45-0.49%Dow Jones50,926.56-0.82%Nasdaq26,871.60-0.25%FTSE 10010,428.27-2.36%DAX24,939.35-1.29%CAC 407,835.31-3.00%Gold$4,214.70Brent$102.11USD/EGP52.27+0.84%EUR/USD1.1257-1.06%Fed3.75–4.00%
EGX 30
53,055.00
+2.24%
S&P 500
7,666.45
-0.49%
Gold
$4,214.70
USD / EGP
52.27
+0.84%
Brent
$102.11
01

5-Year Trend

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

USD / EGP · EGP
52.27
▲ +233% over 5y
12.5123.7635.0246.2757.52 2021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-312026-10-02 USD / EGP
S&P 500 · index
7,652
▲ +66% over 5y
3,2584,4475,6366,8258,014 2021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-01 S&P 500
Gold · XAU/USD · $/oz
4,215
▲ +138% over 5y
1,3922,2933,1934,0934,993 2021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-10-02 Gold · XAU/USD
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,666.45-0.49%
Dow Jones50,926.56-0.82%
Nasdaq26,871.60-0.25%
FTSE 10010,428.27-2.36%
DAX24,939.35-1.29%
CAC 407,835.31-3.00%
Nikkei 22568,329.14+3.72%
Hang Seng23,964.38-3.22%
Egypt & RegionEGX
IndexLevelChange
EGX 3053,055.00+2.24%
03

Rates & Central Banks

US · Federal Reserve
3.75–4.00%
Fed funds target — on hold.
Euro Area · ECB
2.50%
ECB deposit facility.
Global Benchmark Rateslatest levels
RateLevel
United States
Fed funds target on hold3.75–4.00%
SOFR (overnight)3.90%
Euro Area
ECB deposit facility2.50%
ECB main refinancing2.65%
ECB marginal lending2.90%
€STR2.44%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP52.27+0.84%
EUR / USD1.1257-1.06%
GBP / USD1.3211-0.14%
USD / JPY157.86+0.25%
Commoditieslatest
CommodityPrice
Gold · XAU/USD +1.11% · $/oz▲ $4,214.70
WTI crude -0.08% · $/bbl▼ $92.53
Brent crude -3.01% · $/bbl▼ $102.11
05

Global Economy

US · Trade

U.S. trade representative Greer says deal with India not 'imminent' after Modi-Trump call

(2 Oct) Ties between the United States and India remain strained as New Delhi faces the risk of significant tariffs for its continued purchase of Russian oil. The U.S. trade representative indicated that a bilateral trade agreement is not imminent following a recent call between the two nations' leaders.

Read full article → CNBC
Middle East · Energy

CNBC Daily Open: Three’s a crowd: U.S. carrier buildup in Middle East sends oil spiking

(2 Oct) Oil prices have surged following reports that Washington has deployed a third aircraft carrier to the Middle East. The military buildup raises prospects of escalating regional tensions and potential disruptions to energy supplies.

Read full article → CNBC
US · Regulation

U.S. market regulator seeks to make it easier for funds, advisers to hold crypto

(2 Oct) The Securities and Exchange Commission has proposed new rules designed to simplify the process for investment advisers and regulated funds to hold cryptocurrencies. The regulatory shift aims to accommodate client demand for digital assets within traditional financial frameworks.

Read full article → CNBC
Global · Cybersecurity

Interpol says AI is increasing the speed and scale of cyber threats. Here’s what companies should watch

(2 Oct) An Interpol executive warned that artificial intelligence is accelerating the pace and expanding the scale of existing cyber threats, making them harder to detect. Organizations are also facing emerging vulnerabilities driven by the rapid adoption of agentic AI systems.

Read full article → CNBC
US · Retail

Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

(1 Oct) Nike reported disappointing sales and announced workforce reductions as part of a broader restructuring effort. The athletic apparel company is attempting to stabilize its business and regain growth momentum in the Chinese market.

Read full article → CNBC
US · Industrials

Boeing engineers and technical workers approve new contract, avoiding strike

(1 Oct) Boeing has successfully negotiated a new contract with its largest white-collar union, comprising engineers and technical workers. The agreement averts a potential strike that would have further disrupted the aerospace manufacturer's operations.

Read full article → CNBC
UK · M&A

Bargain Britain lures foreign buyers as hostile takeovers surge

(1 Oct) International capital is driving a surge in public takeovers across the United Kingdom, currently the fastest-growing economy in the G7. The increased merger activity reflects foreign investors taking advantage of favorable conditions in the British market.

Read full article → CNBC
US · Central Banking

Trump could target three Fed governors. Removing them may be harder than it looks

(1 Oct) President Trump may seek to remove Federal Reserve governors Jerome Powell, Lisa Cook, and Michael Barr from their positions. However, legal experts note that court rulings and the potential for lengthy litigation could severely limit his ability to execute such dismissals.

Read full article → CNBC
China · Geopolitics

In photos: China's Xi hardens Taiwan warning as country celebrates week-long National Day holiday

(1 Oct) President Xi Jinping used his annual speech to sharpen Beijing's message on Taiwan as the country began its week-long National Day holiday. The hardened rhetoric underscores China's continued focus on the self-ruled island amid ongoing regional sensitivities.

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 · Real Estate

Egypt plans independent real estate regulator alongside developers' union

(1 Oct) Egypt is moving to establish an independent regulatory body for the real estate market to oversee and execute sector activities, alongside a developers' union to represent industry interests. The New Urban Communities Authority collected about 26 billion Egyptian pounds from companies operating in the northwest coast to regularize their land status between June 2025 and August 2026.

Read full article → Economy Plus
Egypt · Tourism

Pyramids area receives 2.9 million visitors in first nine months of 2026

(1 Oct) The Pyramids archaeological area near the Grand Egyptian Museum received about 2.9 million visitors in the first nine months of 2026. Authorities expect the total number of visitors to exceed 4 million by the end of the year, supported by strong demand in the final quarter.

Read full article → Economy Plus
Egypt · Commodities

Egypt sells 551.88 million pounds of confiscated gold via commodities exchange

(1 Oct) The Egyptian Stamping and Weights Authority sold confiscated precious metals and gemstones worth about 551.88 million Egyptian pounds through the commodities exchange. The sales were conducted via 239 auctions since November 2023 to return the assets to the organized trading cycle.

Read full article → Economy Plus
Egypt · Mining

Ak Resources discovers gold and copper in Egypt with $100 million target investment

(1 Oct) UK-based Ak Resources has discovered a gold and copper mine in Egypt, having invested about $10 million so far with plans to spend $20 million over the next two years. The company aims to increase total investments to $100 million as it reaches the mine reserves and plans to apply for new exploration projects in the country.

Read full article → Economy Plus
Egypt · Infrastructure

Suez Canal Authority studies establishing port and marine construction company in Kenya

(1 Oct) The Suez Canal Authority is studying the establishment of a specialized company for port and marine construction works in Kenya in partnership with Kenyan firm Tunasco. The move aims to expand into the African market and contribute to developing the marine infrastructure in Kenya.

Read full article → Economy Plus
Egypt · Banking

Egypt settles 102.75 billion pound debt of National Investment Bank

(1 Oct) The government signed a framework agreement to settle the historical debt of 102.75 billion Egyptian pounds owed by the Industrial Projects and Mining Authority to the National Investment Bank. The settlement includes a cash payment by the Finance Ministry and the transfer of state-owned assets to the bank, while waiving about 51 billion Egyptian pounds in late payment penalties.

Read full article → Economy Plus
Egypt · Energy

Egypt adds 30 million cubic feet of gas daily from three new wells

(1 Oct) Oil and gas companies have added about 30 million cubic feet of natural gas per day to local production rates from three new wells in the Western Desert and the Nile Delta. The additions are part of a comprehensive program to accelerate the production of new wells and restore output from previously suspended ones.

Read full article → Economy Plus
Egypt · Regulation

Egypt raises vehicle license plate fees by 16.3%, cancels Sunday remote work

(1 Oct) The Interior Ministry increased the cost of developing vehicle license plates to 250 Egyptian pounds from 215 pounds, a rise of 35 pounds or about 16.3%. The government also approved the cancellation of the remote work system on Sundays for state institutions and removed the requirement to submit safety equipment for vehicle licensing.

Read full article → Economy Plus
Egypt · Markets

Egyptian Exchange loses 297.2 billion pounds in September

(1 Oct) The Egyptian Exchange started September with a market capitalization of 4.353 trillion pounds before shedding about 297.2 billion Egyptian pounds to close at 4.056 trillion pounds. The main EGX30 index fell 5.42% to 51894.83 points, while the broader EGX100 index dropped 9.12% amid selling pressures.

Read full article → Economy Plus
Saudi Arabia · Budget

Saudi Arabia sets expansionary 2027 budget, expects 12.8% GDP growth

(1 Oct) Saudi Arabia has unveiled its expansionary budget for 2027, projecting a rebound in GDP growth to 12.8% from an expected contraction of 3.6% in 2026. The budget estimates total expenditures at 1.392 trillion riyals against revenues of 1.202 trillion riyals, aiming for a deficit of about 190 billion riyals, equivalent to 3.6% of GDP.

Read full article → Economy Plus
Egypt · Legislation

Egypt delays implementation of Criminal Procedure Law for one year

(1 Oct) The House of Representatives approved a one-year delay in the implementation of the Criminal Procedure Law, pushing its effective date to October 1, 2027. The delay aims to provide sufficient time to complete the necessary organizational and technical preparations for the application of the law.

Read full article → Economy Plus
Egypt · Corporate

Eastern Company Q2 net profit rises 7% to 2.9 billion pounds

(1 Oct) Eastern Company reported a 7% increase in second-quarter net profit to about 2.9 billion Egyptian pounds, up from 2.7 billion pounds a year earlier. The growth was driven by a 15% rise in sales to 32.8 billion pounds, although first-half profits fell 4% due to early retirement provisions.

Read full article → Economy Plus
Global · Tech

Tesla secures $30 billion in new financing for AI and robotaxi expansion

(1 Oct) Tesla has secured new financing agreements totaling $30 billion to accelerate artificial intelligence investments and expand production of its Cybercab robotaxi and Optimus robot. The package includes a $20 billion three-year loan managed by Citibank and revolving credit facilities managed by Wells Fargo.

Read full article → Economy Plus
Egypt · Mining

Wadiko to invest $600 million in phosphate fertilizer project

(1 Oct) New Valley Mineral Wealth and Oil Shale Company is investing about $600 million in a phosphate fertilizer project with a targeted production capacity of 500,000 tons annually. The project, developed in partnership with the Egyptian Mineral Wealth Authority and Elsewedy Electric, requires about 1.2 million tons of phosphate ore annually and will take three years to implement.

Read full article → Economy Plus
Egypt · Corporate

Metallic Industries Holding plans 11.7 billion pound investments for FY 2026/2027

(1 Oct) Metallic Industries Holding Company plans to pump 11.7 billion Egyptian pounds in investments during the 2026/2027 fiscal year, targeting total revenues of 78.3 billion pounds and a net profit of 18 billion pounds, a growth of nearly 19%. The investments will be allocated to new projects, asset replacement, digital transformation, and the implementation of an ERP system.

Read full article → Economy Plus
Egypt · Corporate

Construction and Urbanization Holding targets 5.9 billion pound net profit for FY 2026/2027

(1 Oct) Construction and Urbanization Holding Company aims to achieve a net profit of 5.9 billion Egyptian pounds in the 2026/2027 fiscal year, a 57% increase from the previous year, alongside targeted revenues of 35.7 billion pounds, a growth of about 29%. The company is seeking to restructure the finances of its subsidiaries and settle historical troubled projects.

Read full article → Economy Plus
Egypt · Mining

Excalibur to begin aerial survey across Egypt in coming months

(1 Oct) Excalibur expects to begin an aerial survey project across six regions in Egypt within the next month or two, pending government permits. The project, signed with the Mineral Wealth Authority, aims to map the mineral resources and is expected to be completed within 18 to 24 months.

Read full article → Economy Plus