The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,757.17 | +0.58% |
| Dow Jones | 52,856.09 | +0.69% |
| Nasdaq | 26,702.86 | +1.05% |
| FTSE 100 | 10,752.90 | +0.19% |
| DAX | 25,645.04 | +1.35% |
| CAC 40 | 7,921.68 | +1.06% |
| Nikkei 225 | 64,621.24 | +0.85% |
| Hang Seng | 23,651.87 | -0.90% |
| 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 | 54.35 | -0.22% |
| EUR / USD | 1.1235 | +0.07% |
| GBP / USD | 1.3396 | +0.17% |
| USD / JPY | 158.13 | -0.09% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +0.18% · $/oz | ▲ $4,150.00 |
| WTI crude -4.56% · $/bbl | ▼ $97.15 |
| Brent crude +0.03% · $/bbl | ▲ $108.82 |
(22 Oct) U.S. equities retreated as a broader selloff in the technology sector weighed on major indices. The decline reflects growing investor caution amid shifting market dynamics.
Read full article → WSJ(22 Oct) Broad market losses accelerated following concerns over artificial intelligence spending raised by Meta. Meanwhile, U.S. Treasuries advanced as investors sought safer assets amid the equity rout.
Read full article → Reuters(22 Oct) A months-long United States blockade has depleted the oil reserves held by Iran's fleet of shadow tankers. This development tightens global supply constraints and adds upward pressure on crude markets.
Read full article → WSJ(22 Oct) Japan's core inflation has surpassed the Bank of Japan's target, reinforcing expectations for a near-term interest rate increase. The persistent price pressures signal a structural shift in the country's economic landscape.
Read full article → Reuters(22 Oct) Chinese equities are approaching bear market territory as momentum in the artificial intelligence trade dissipates. The downturn is further compounded by fading expectations for immediate domestic policy stimulus.
Read full article → Bloomberg.com(22 Oct) Indian equities extended their recent decline as surging crude oil prices stoked domestic inflation concerns. Higher energy costs threaten to impact corporate margins and consumer spending in the world's most populous nation.
Read full article → Reuters(22 Oct) New Zealand's third-quarter inflation rate moderated, though price growth remains elevated. Market expectations still point toward a central bank interest rate hike next week to anchor inflation expectations.
Read full article → Reuters(22 Oct) Gold prices dropped to their lowest level in over two months as rising crude oil costs fueled inflation concerns. The prospect of higher interest rates to combat persistent price pressures reduced the appeal of non-yielding bullion.
Read full article → Reuters(22 Oct) Semiconductor equities declined after equipment manufacturer Lam Research highlighted ongoing supply chain constraints. The comments underscore persistent logistical challenges within the global chip manufacturing sector.
Read full article → Yahoo FinanceEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(22 Oct) President Abdel Fattah al-Sisi announced that Egypt's strategic commodity reserves are sufficient to cover local needs for six months. He added that the state is collecting citizen data to ensure cash support is distributed with greater transparency and governance.
Read full article → Economy Plus(22 Oct) President Abdel Fattah al-Sisi emphasized the need for state intervention to regulate water consumption practices in Siwa, including well drilling. He also highlighted government efforts to remove encroachments and restore the natural state of lakes such as Bardawil, Manzala, and Nasser.
Read full article → Economy Plus(22 Oct) Prime Minister Mostafa Madbouly stated that President Abdel Fattah al-Sisi will launch a major rental and social housing program over the next four years. The initiative will include units for middle-income citizens, while the government aims to direct existing cash support more accurately to eligible families.
Read full article → Economy Plus(22 Oct) The Housing Ministry will auction 50 land plots across 10 new cities between November 1 and 15, targeting proceeds of $306.29 million. Buyers must pay in US dollars transferred from abroad for urban, commercial, administrative, residential, hotel, and exhibition activities.
Read full article → Economy Plus(22 Oct) The Saudi Capital Market Authority is pushing listed companies to provide broader analyses of their financial performance, liquidity, and financial position in annual reports. The regulator aims to move beyond simple financial figures to explain the reasons behind changes in results.
Read full article → Economy Plus(22 Oct) The Egyptian Foreign Ministry rejected the Libyan parliament's ratification of a maritime memorandum of understanding between Turkey and the Government of National Accord. The ministry described the agreement as absolutely null and void, affirming Egypt's right to protect its maritime rights in the eastern Mediterranean.
Read full article → Economy Plus(22 Oct) Industry Minister Khaled Hashem announced the formation of a permanent committee to monitor the steel billet market and ensure steady supplies to factories at suitable prices. The committee includes representatives from the ministries of industry, investment, foreign trade, supply, and the Competition Authority.
Read full article → Economy Plus(22 Oct) The government faces a dilemma in balancing the protection of integrated steel factories with ensuring adequate billet supplies for rolling mills. Local billet prices have reached about 34,000 pounds per ton, prompting 22 rolling mills to halt production amid ongoing import safeguard measures.
Read full article → Economy Plus(22 Oct) The Future of Egypt Authority purchased approximately five shipments of wheat through private negotiations, likely from European countries including France and Romania. The move follows supply disruptions in the Black Sea and aims to maintain strategic reserves sufficient for several months.
Read full article → Economy Plus(22 Oct) Transport Minister Kamel El-Wazir announced that the Ro-Ro cargo line between Damietta and the Italian port of Trieste will increase to two weekly voyages. About 50% of the cargo transported via this route is destined for Gulf countries, transiting through Safaga and Neom.
Read full article → Economy Plus(22 Oct) The Transport Ministry plans to increase its road development target to 7,600 kilometers to accommodate new urban communities and rising mobility needs. The upgrade of 3,000 kilometers of roads will cost a total of 42 billion pounds and be executed over three fiscal years.
Read full article → Economy Plus(22 Oct) Finance Minister Ahmed Kojouk announced a target to double fiscal spending on economic activities to 4.8 trillion pounds by 2030, up from 2.2 to 2.3 trillion pounds last fiscal year. The plan aims to increase state resources and lower debt without imposing new taxes, while keeping inflation at 8%.
Read full article → Economy Plus(22 Oct) Supply Minister Sherif Farouk stated that strategic commodity reserves average six months, reaching up to a year for certain goods. The government has allocated 200,000 tons of wheat from strategic reserves to free bakeries to prevent price increases in tourist bread.
Read full article → Economy Plus(22 Oct) Egypt's trade balance deficit widened by 47% year-on-year in the first eight months of the year to $48.1 billion, according to Capmas. Total trade rose 21% to $121.3 billion, driven by an 8.3% increase in exports to $36.6 billion and a 27.5% surge in imports to $84.7 billion.
Read full article → Economy Plus(22 Oct) XGE Egymac and Shent Egymac, joint ventures between the Egyptian company Egymac and two Chinese firms, will pump an initial $500 million into the electricity sector. The investment will expand the manufacturing of electrical equipment and the construction of substations to support power transmission and renewable energy projects.
Read full article → Economy Plus(22 Oct) Dragon Oil plans to invest $500 million in Egypt during 2027 to boost oil and gas activities and increase production from its current concessions. The company aims to raise its output in the Gulf of Suez to 70,000 barrels per day by early 2028 and is exploring new opportunities in the Mediterranean and Western Desert.
Read full article → Economy Plus(22 Oct) Hapag-Lloyd plans to resume additional shipping services through the Suez Canal, supplementing its two existing Asia routes. The announcement follows a meeting between Suez Canal Chairman Osama Rabie and the company's regional president to discuss boosting transit rates.
Read full article → Economy Plus(22 Oct) The public tranche of Bank of Cairo's IPO was subscribed 1.49 times on the third day of bidding, with demand reaching 341.3 million shares against 228.75 million shares offered. The initial offering price is set at 5.30 pounds per share, with the final price to be determined after the private tranche closes.
Read full article → Economy Plus(22 Oct) The EGX30 index climbed 1.47% to close at 52,854 points, supported by a 6.03% jump in Talaat Mustafa Group shares following an 11 trillion pounds state contract. The broader EGX100 index fell 0.55%, while the total market capitalization of listed companies gained 26 billion pounds to reach 4.065 trillion pounds.
Read full article → Economy Plus(22 Oct) The Egyptian pound appreciated by 12 piasters against the US dollar, closing at 54.32 pounds for buying and 54.46 pounds for selling. Despite the currency gain, net outflows of hot money reached $1.13 billion over the past three days, prompting expectations of 10% to 15% price hikes in imported goods.
Read full article → Economy Plus(22 Oct) Deloitte Innovation Center in Cairo plans to invest $40 million over the next 12 to 18 months, completing its total $110 million investment plan. The majority of the funds will be allocated to employee wages, with the remainder dedicated to business support and scaling digital services.
Read full article → Economy Plus(22 Oct) The Waste Management Regulatory Authority has obliged cement factories to purchase and transport refuse-derived fuel only from licensed facilities. The move aims to tighten oversight of the sector and combat unlicensed operations producing this type of alternative fuel.
Read full article → Economy Plus(22 Oct) Amer Group aims to achieve 200 billion pounds in contracted sales from its Porto Grandi project in New Alamein City. The developer previously secured a 388-acre plot in the city for the integrated urban development project.
Read full article → Economy Plus(22 Oct) The board of OB Financial Holdings approved an interest-free support loan of 287.5 million pounds to Contact Financial Holding. The loan will be capitalized through an increase in Contact's capital.
Read full article → Economy Plus(22 Oct) Saudi Arabia's crude oil exports increased by 7.9% in August to 4.451 million barrels per day, the highest level since March, according to Jodi data. The rise in exports occurred despite a drop in overall oil production to 6.24 million barrels per day from 8.135 million barrels per day in July.
Read full article → Economy Plus(22 Oct) Emirates Global Aluminium has restarted 50% of the potlines at its Tawila smelter in Abu Dhabi after repairing 631 of 1,262 cells. The company targets full production capacity by the first quarter of 2027, following a mandatory halt in operations in March 2026 due to Iranian attacks.
Read full article → Economy Plus(22 Oct) The Jordanian government purchased approximately 50,000 tons of feed barley in an international tender, believed to be sourced from Soufflet at around $302.25 per ton C&F. The delivery is scheduled for the first half of February 2027, according to trader estimates.
Read full article → Economy Plus(22 Oct) Global seaborne crude oil shipping costs have surged to over $20 per barrel from about $3 a year ago, a nearly sevenfold increase, according to Goldman Sachs. Analysts attribute the rise to a $7 per barrel war risk premium for the Strait of Hormuz, alongside $4 per barrel each for higher fuel costs and ship-to-ship transfers.
Read full article → Economy Plus