The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,690.73 | +0.41% |
| Dow Jones | 51,966.03 | -0.07% |
| Nasdaq | 26,430.89 | +1.11% |
| FTSE 100 | 10,764.70 | -1.08% |
| DAX | 25,319.77 | -1.18% |
| CAC 40 | 7,868.05 | -1.11% |
| Nikkei 225 | 64,916.70 | -0.62% |
| Hang Seng | 24,186.83 | +0.52% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.75–4.00% |
| SOFR (overnight) | 3.90% |
| Euro Area | |
| ECB deposit facility | 2.50% |
| ECB main refinancing | 2.65% |
| ECB marginal lending | 2.90% |
| €STR | 2.44% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 53.88 | +0.53% |
| EUR / USD | 1.1216 | -0.09% |
| GBP / USD | 1.3308 | -0.20% |
| USD / JPY | 158.52 | +0.45% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD -0.50% · $/oz | ▼ $4,160.10 |
| WTI crude +2.22% · $/bbl | ▲ $103.66 |
| Brent crude -0.28% · $/bbl | ▼ $109.55 |
(20 Oct) Global equity markets retreated as civil unrest in France prompted the imposition of riot curfews. Concurrently, Saudi Arabia canceled its flagship investment forum, compounding investor caution across international bourses.
Read full article → Fortune(19 Oct) Russian leadership has proposed a high-level summit with the United States and China to negotiate a settlement in Ukraine. The diplomatic overture signals a potential shift in geopolitical strategy as Moscow seeks multilateral engagement to resolve the ongoing conflict.
Read full article → WSJ(20 Oct) The Bank of Japan is expected to revise its inflation projections higher during its upcoming policy review. However, policymakers are likely to maintain the current interest rate stance as they assess the sustainability of recent price pressures.
Read full article → Reuters(20 Oct) Economists widely anticipate the Federal Reserve will hold interest rates steady at its upcoming October meeting. Consensus forecasts indicate a renewed tightening cycle will resume in December as policymakers continue to combat persistent price pressures.
Read full article → Reuters(19 Oct) Federal Reserve officials recognize that rapid artificial intelligence investment is contributing to domestic inflationary pressures. The central bank notes that the broader economic burden of managing these price increases may ultimately fall on other sectors of the economy.
Read full article → Reuters(20 Oct) Artificial intelligence startup Anthropic has filed for a public listing, revealing substantial revenue expansion alongside significant operational risks. The regulatory filing highlights the massive capital expenditures required for computing infrastructure as a primary challenge to near-term profitability.
Read full article → WSJ(19 Oct) Crude oil prices retreated following the decision by the United States to ease certain sanctions on Russian energy exports. The policy adjustment is expected to increase global supply availability, alleviating some of the tightness that has supported recent market gains.
Read full article → WSJ(19 Oct) Shares of major American lenders have experienced their most prolonged decline in over a decade, despite reporting robust recent financial results. This divergence suggests investors are looking past current profitability to price in concerns over future credit quality and economic headwinds.
Read full article → Yahoo Finance(20 Oct) The Reserve Bank of Australia acknowledged a deteriorating inflation trajectory, indicating that price pressures are more stubborn than previously anticipated. Policymakers remain undecided on whether to implement a rate increase next month as they weigh the updated economic data.
Read full article → Reuters(19 Oct) Worldwide food prices face upward pressure as multiple supply chain disruptions converge across key agricultural regions. These compounding shocks threaten to reverse recent disinflationary trends and elevate costs for consumers and manufacturers globally.
Read full article → ReutersEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(20 Oct) President Abdel Fattah al-Sisi announced that the Suez Canal Fund currently holds about EGP 500 billion in cash, noting that regional developments affected its financial targets. Meanwhile, the House of Representatives postponed its vote on deploying troops to support Saudi security to next Monday.
Read full article → Economy Plus(20 Oct) Moody's expects the reprioritization of spending under Saudi Vision 2030 to protect the kingdom's fiscal position and sustain economic diversification. The agency noted that this shift could provide relief for banks following years of rapid credit growth and liquidity pressures.
Read full article → Economy Plus(20 Oct) Organizers of the Future Investment Initiative in Saudi Arabia have postponed the event's tenth edition to next year. The decision follows recent attacks in the kingdom amid the widening conflict in the Middle East, with a new date to be announced shortly.
Read full article → Economy Plus(20 Oct) Bank of Cairo signed investment agreements with qualified investors to purchase about 63% of the shares in the first tranche of its private placement. The bank also received purchase orders for about 97 million shares in the public offering on the first day, representing roughly 42.4% of the shares allocated to the public tranche.
Read full article → Economy Plus(20 Oct) The Egyptian Exchange halted its recent losses as all major indices closed higher on Monday, with the main EGX30 index rising 0.4% to 51,098 points. Total trading value reached EGP 8.546 billion, with foreign and Arab investors recording net purchases of EGP 264.4 million and EGP 90.42 million, respectively.
Read full article → Economy Plus(20 Oct) Nasr for Building and Construction, or EgyCorp, has contacted several securities firms and investment banks to receive offers for managing its anticipated initial public offering. The company previously received approval from the Egyptian Exchange in late August for the temporary listing of its shares, representing an issued capital of EGP 211 million.
Read full article → Economy Plus(20 Oct) Talaat Moustafa Holding topped CI Capital's valuations for listed real estate developers, scoring 20 points to rank first among its peers. The valuation was supported by the company's accumulated backlog of EGP 491 billion and net cash of about EGP 60.9 billion, as the sector faces a slowdown following a sales boom in 2023 and 2024.
Read full article → Economy Plus(20 Oct) India's UPL Group subsidiary Advanta Holdings intends to acquire Hi-Tech Egypt USA, the owner of Misr Hi-Tech International for Seeds, for about $110 million. The transaction was disclosed in an August 2026 filing by UPL to the Bombay and National Stock Exchanges, subject to approval from the Egyptian Competition Authority.
Read full article → Economy Plus(20 Oct) A consortium of Italy's Eni and France's TotalEnergies plans to invest between $100 million and $120 million to build a 40-kilometer onshore pipeline to transport gas from Cyprus's Kronos field to Egypt. The field holds reserves of about 2.5 trillion cubic feet of gas, with the first phase targeting a flow of 500 million cubic feet per day to Egypt by the first quarter of 2028.
Read full article → Economy Plus(20 Oct) Egypt's exports of gold and gemstones fell 43% to $2.8 billion in the first eight months of 2026, down from $4.9 billion in the same period last year. The UAE remained the top importer of Egyptian gold at $1.4 billion, despite a 63% decline, while Swiss imports rose 35% to $1.34 billion.
Read full article → Economy Plus(20 Oct) Local onion prices surged to between EGP 25 and EGP 30 per kilogram in October, up from about EGP 15 in January, marking an increase of up to 100%. The price jump follows an estimated 40% decline in planted areas during the last agricultural season compared to the previous year's nearly 320,000 feddans.
Read full article → Economy Plus(20 Oct) The US dollar rose to a six-month high against the Egyptian pound, trading at EGP 53.88 for buying and EGP 54.01 for selling, after gaining about 41 piasters. Twelve-month non-deliverable forward contracts priced the dollar at EGP 61.75, a daily increase of EGP 0.40, amid a growing correlation between oil prices and the currency this year.
Read full article → Economy Plus(20 Oct) The board of Contact Financial Holding approved a proposal to the general assembly to secure an interest-free supporting loan from major shareholders of up to EGP 700 million. The funds will provide liquidity for the company's expansion plan and finance capital increases at its subsidiaries, with total financial needs estimated between EGP 1.6 billion and EGP 1.8 billion.
Read full article → Economy Plus(20 Oct) Egypt aims to attract up to $1.1 billion in new investments in the pharmaceuticals, raw materials, vaccines, and dietary supplements sectors by the end of 2027. The target includes $100 million for the remainder of this year and $1 billion for 2027, driven by the Egyptian Drug Authority's new pricing system that offers incentives for foreign companies.
Read full article → Economy Plus(20 Oct) The National Authority for Tunnels is finalizing procedures to secure a concessional loan from the French government to finance the foreign component of the 34-kilometer Cairo Metro Line 6. The loan will cover non-locally manufactured components such as electrical and mechanical systems, while local companies will execute the civil works funded in Egyptian pounds.
Read full article → Economy Plus(20 Oct) Sidi Kerir Petrochemicals reported a 0.48% year-on-year decline in net profit to EGP 1.496 billion in the first nine months of the year, down from EGP 1.5 billion in the same period last year. The slight profit drop came despite a rise in sales to EGP 14.71 billion, compared to EGP 10.91 billion in the year-earlier period.
Read full article → Economy Plus(20 Oct) Heliopolis for Housing and Development saw its net profit double to EGP 2.141 billion in the first nine months of 2026, up from EGP 1.065 billion in the same period last year. The surge was supported by a jump in revenues to EGP 3.473 billion, compared to EGP 1.274 billion in the year-earlier period.
Read full article → Economy Plus(20 Oct) ABB Egypt is leveraging its global engineering network and R&D capabilities in automation to upgrade the power grid and accelerate the transition to renewable energy. The company stated it remains committed to the Industry Ministry's 2030 strategy, which aims to deepen local manufacturing, increase exports, and integrate Egyptian industry into global value chains.
Read full article → Economy Plus(20 Oct) Egypt currently leads African countries in hotel projects under development, with a total of 185 planned hotels comprising 45,984 rooms, representing 37.1% of the continent's total pipeline. The Future of Hospitality in Egypt summit, scheduled for November 10 and 11, will bring together investors and developers to explore opportunities in the sector, which saw a 35.5% year-on-year increase in projects under development.
Read full article → Economy Plus(20 Oct) A tanker loaded with Qatari liquefied natural gas sailed north through the Red Sea bound for Poland, in a rare transit that could speed up the cargo's arrival to European markets. The vessel loaded its cargo in Qatar last August, with shipments to Polish refiner Orlen having been previously canceled following drone attacks on the Ras Laffan facility in March.
Read full article → Economy Plus(20 Oct) Lebanese Finance Minister Yassin Jaber said the country has a valuable opportunity to capitalize on international interest following the IMF and World Bank meetings in Bangkok. He emphasized that translating this positive climate requires completing reforms, most notably banking sector reform and the passage of the financial gap law.
Read full article → Economy Plus(20 Oct) The French government has called on local authorities to impose curfews in certain areas to restore security and contain the fallout from weekend riots and looting. Prime Minister Sebastien Lecornu stated that a nationwide curfew in Paris is not currently necessary, but partial and local restrictions are being studied without ruling out a state of emergency.
Read full article → Economy Plus