The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,663.43 | -1.21% |
| Dow Jones | 52,867.98 | +0.02% |
| Nasdaq | 26,008.86 | -2.60% |
| FTSE 100 | 10,725.00 | -0.26% |
| DAX | 25,371.75 | -1.07% |
| CAC 40 | 7,811.26 | -1.39% |
| Nikkei 225 | 62,907.84 | -2.65% |
| Hang Seng | 22,934.68 | -3.03% |
| 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 | 55.27 | +1.69% |
| EUR / USD | 1.1221 | -0.12% |
| GBP / USD | 1.3404 | +0.06% |
| USD / JPY | 156.49 | -1.04% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD -2.16% · $/oz | ▼ $4,060.40 |
| WTI crude +2.39% · $/bbl | ▲ $99.47 |
| Brent crude +4.00% · $/bbl | ▲ $113.17 |
(22 Oct) Equities retreated as investors digested artificial intelligence spending concerns following recent corporate earnings. The risk-off sentiment drove capital into government bonds, pushing Treasury yields lower.
Read full article → Reuters(22 Oct) Technology shares faced renewed pressure as market participants questioned the return on investment for massive artificial intelligence infrastructure projects. The selloff broadened across the sector following earnings reports that highlighted substantial capital expenditure requirements.
Read full article → Forbes(22 Oct) Semiconductor equities declined after a major equipment manufacturer warned of ongoing logistical and component bottlenecks. The company noted that these supply chain constraints are beginning to impact production schedules and near-term revenue visibility.
Read full article → Yahoo Finance(23 Oct) Crude futures advanced as escalating regional tensions and targeted infrastructure strikes raised fears of broader supply disruptions. Market participants are closely monitoring production facilities in the Middle East for any potential impact on global export volumes.
Read full article → Oil & Gas Journal(22 Oct) Underlying consumer prices in Japan accelerated beyond the central bank's target, reinforcing expectations for monetary policy normalization. The persistent inflationary pressures suggest policymakers will proceed with interest rate increases in the near term to ensure price stability.
Read full article → Reuters(23 Oct) The Russian central bank signaled a cautious approach to future monetary easing, projecting only gradual reductions in its benchmark borrowing cost. Policymakers indicated that persistent domestic inflation and economic adjustments will keep borrowing costs elevated for the foreseeable future.
Read full article → WSJ(23 Oct) Regional equities finished the week in negative territory as political uncertainty in France weighed on investor sentiment. Additionally, surging energy costs threatened to compress corporate profit margins, offsetting otherwise positive earnings reports from major industrial companies.
Read full article → Reuters(23 Oct) Domestic equities retreated for the week as a sharp rally in crude benchmarks stoked concerns over imported inflation. Higher energy costs are expected to widen the current account deficit and prompt tighter monetary conditions, pressuring local asset valuations.
Read full article → Reuters(23 Oct) Precious metals experienced a significant weekly decline as the non-yielding asset lost appeal amid shifting monetary expectations. A resurgence in crude oil prices has revived concerns about sticky inflation, leading markets to price in a higher probability of further interest rate increases by the Federal Reserve.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(22 Oct) Egypt's Supreme Committee for Commodities purchased five shipments of wheat through direct negotiations to bolster strategic reserves. The move comes as disruptions in Black Sea exports have tightened global supplies, with the shipments likely originating from European countries such as France and Romania.
Read full article → Economy Plus(22 Oct) Transport Minister Kamel El-Wazir announced that Ro-Ro cargo shipments between Egypt's Damietta port and Italy's Trieste will double to twice a week. About 50% of the cargo is destined for Gulf countries, transiting via Safaga and Neom, while the remainder serves the domestic market.
Read full article → Economy Plus(22 Oct) Finance Minister Ahmed Kouchouk announced plans to double fiscal space for economic activities to 4.8 trillion pounds by 2030, up from 2.2 to 2.3 trillion pounds last year. The strategy aims to boost state revenues and reduce debt without imposing new taxes, while keeping inflation around 8%.
Read full article → Economy Plus(22 Oct) The country's trade deficit widened to $48.1 billion in the first eight months of 2026, driven by a 27.5% annual surge in imports to $84.7 billion. Total trade exchange rose 21% to $121.3 billion, while exports grew 8.3% to $36.6 billion.
Read full article → Economy Plus(22 Oct) XD Egemac and Shent Egemac, joint ventures between Egypt's Egemac and two Chinese firms, plan an initial $500 million investment to expand electrical equipment manufacturing and build substations. The expansion aims to localize production and meet the growing needs of power transmission, distribution, and renewable energy projects.
Read full article → Economy Plus(22 Oct) Dragon Oil intends to invest $500 million in Egypt next year to boost oil and gas output from its existing concessions and explore new opportunities in the Mediterranean and Western Desert. The company currently produces about 65,000 barrels per day from the Gulf of Suez and targets raising this to 70,000 barrels per day by early 2028.
Read full article → Economy Plus(22 Oct) Retail investor demand for Bank of Cairo shares hit 341.3 million on the third day of the public offering, covering the 228.75 million shares allocated to this tranche 1.49 times. The initial offering price is set at 5.30 pounds per share, with the final price to be determined after the private placement closes.
Read full article → Economy Plus(22 Oct) President Abdel Fattah El-Sisi confirmed that Egypt's strategic commodity reserves are sufficient for six months, factoring in regional geopolitical tensions and supply chain disruptions. He also emphasized the government's shift toward a more transparent and governed cash subsidy system based on consolidated citizen data.
Read full article → Economy Plus(22 Oct) Prime Minister Mostafa Madbouly announced an upcoming presidential initiative for social housing and rental units, including options for middle-income citizens. The government will deliver these units over the next four years while ensuring that cash subsidies reach only those truly eligible.
Read full article → Economy Plus(22 Oct) The Housing Ministry will auction 50 land plots across 10 new cities between November 1 and 15 for urban, commercial, administrative, residential, and hotel activities. Bidders must pay in US dollars transferred from abroad, with total expected proceeds exceeding $306.29 million.
Read full article → Economy Plus(22 Oct) The Saudi Capital Market Authority is pushing listed companies to provide broader analyses of financial performance, liquidity, and results in their annual reports. The regulator wants firms to move beyond simply presenting raw financial data to explaining the underlying drivers of their financial positions.
Read full article → Economy Plus(22 Oct) Global seaborne crude oil shipping costs have surged to over $20 per barrel, nearly seven times higher than a year ago, due to ongoing Middle East conflicts. Goldman Sachs estimates that war-risk premiums for the Strait of Hormuz add $7 per barrel, while higher fuel prices and ship-to-ship transfers add another $4 each.
Read full article → Economy Plus(22 Oct) The Egyptian Foreign Ministry dismissed the Libyan parliament's approval of a maritime memorandum between Turkey and the former Government of National Accord as legally void. Egypt, alongside Greece and Cyprus, maintains that the agreement infringes on their sovereign maritime rights in the eastern Mediterranean.
Read full article → Economy Plus(22 Oct) Industry Minister Khaled Hashem announced a permanent committee to monitor the steel billet market and ensure steady supplies at reasonable prices for local factories. The move follows complaints of local shortages and high costs, exacerbated by protective tariffs on billet imports that have forced many rebar rolling mills to halt production.
Read full article → Economy Plus(22 Oct) Local steel billet prices have reached about 34,000 pounds per ton, leaving integrated mills unable to meet the raw material needs of rebar rolling mills. Consequently, most of the 22 rolling mills have suspended production in recent months amid ongoing protective measures on billet imports.
Read full article → Economy Plus(22 Oct) Supply Minister Sherif Farouk stated that strategic commodity reserves cover up to six months, reaching a year for some items. The ministry injected 200,000 tons of wheat from strategic reserves into the free-market bread sector to prevent price hikes caused by Black Sea disruptions.
Read full article → Economy Plus(22 Oct) Hapag-Lloyd plans to resume additional shipping routes through the Suez Canal, supplementing its two existing Asia services that already use the waterway. The announcement followed a meeting between Suez Canal Authority Chairman Osama Rabie and the company's regional head to discuss boosting transit rates.
Read full article → Economy Plus(22 Oct) The EGX30 index closed up 1.47% at 52,854 points, lifted by a 6.03% jump in Talaat Moustafa Group shares after it announced four state projects worth 11 trillion pounds. The broader EGX100 index fell 0.55%, while total market capitalization gained 26 billion pounds to close at 4.065 trillion pounds.
Read full article → Economy Plus(22 Oct) The local currency appreciated by 12 piasters against the US dollar, closing at 54.32 pounds for buying and 54.46 pounds for selling. This rebound follows 11 consecutive sessions of decline and comes despite $1.13 billion in net hot money outflows over the previous three days.
Read full article → Economy Plus(22 Oct) Distributors warn that mobile phones and accessories could see price increases of 10% to 15% due to rising dollar costs and inventory replacement expenses. Similar price pressures are expected for home appliances, sanitary ware, and animal feed as manufacturers grapple with higher costs for imported raw materials.
Read full article → Economy Plus(22 Oct) Deloitte Innovation Center in Cairo plans to inject $40 million over the next 12 to 18 months, bringing its total investment to $110 million. The center focuses on exporting digital services, including software, AI projects, and specialized legal tech solutions, with 70% to 80% of spending allocated to employee wages.
Read full article → Economy Plus(22 Oct) The Waste Management Regulatory Authority has ordered cement plants to purchase and transport refuse-derived fuel only from licensed facilities. The directive aims to tighten sector oversight and curb unlicensed operators producing 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 the New Alamein City. The developer previously secured a 388-acre plot in the city to build an integrated urban development after signing an allocation contract with the New Urban Communities Authority.
Read full article → Economy Plus(22 Oct) The board of OB Financial Holdings unanimously approved an interest-free supportive loan of 287.5 million pounds to Contact Financial Holding. The loan is scheduled to be capitalized following an increase in Contact's share 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. This rise occurred despite a drop in overall oil production to 6.24 million barrels per day, down from 8.135 million barrels per day in July.
Read full article → Economy Plus(22 Oct) Emirates Global Aluminium has restarted 50% of its smelting pots at the Taweelah facility in Abu Dhabi, repairing 631 out of 1,262 cells. The company aims to restore full production capacity by the first quarter of 2027, following a forced shutdown in March 2026 due to Iranian attacks on the Khalifa Economic Zone.
Read full article → Economy Plus(22 Oct) The Jordanian government bought approximately 50,000 tons of feed barley in an international tender, likely from Soufflet at an estimated $302.25 per ton c&f. The shipment is scheduled for delivery in the first half of February 2027, according to trader estimates.
Read full article → Economy Plus