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Daily Market Brief

Egypt & Global Markets · Research Desk
Friday, 30 October 2026 · Hedge Research Desk
The Read
Global equities ended mixed as European and Asian bourses advanced while US markets diverged, reflecting a cautious tone among investors. In emerging markets, local shares edged higher while the domestic currency depreciated against the dollar amid volatile crude oil prices.
Strategy · Execution · Growth
S&P 5007,720.39+0.74%Dow Jones52,342.56-0.99%Nasdaq26,184.73+0.68%FTSE 10010,722.07-0.03%DAX26,039.68+2.63%CAC 407,970.00+2.41%Gold$4,009.00Brent$111.87USD/EGP55.95+1.74%EUR/USD1.1187-0.28%CBE depo20.00%Fed3.75–4.00%S&P 5007,720.39+0.74%Dow Jones52,342.56-0.99%Nasdaq26,184.73+0.68%FTSE 10010,722.07-0.03%DAX26,039.68+2.63%CAC 407,970.00+2.41%Gold$4,009.00Brent$111.87USD/EGP55.95+1.74%EUR/USD1.1187-0.28%CBE depo20.00%Fed3.75–4.00%
EGX 30
49,596.10
+0.64%
S&P 500
7,720.39
+0.74%
Gold
$4,009.00
USD / EGP
55.95
+1.74%
Brent
$111.87
CBE / Fed
20.00% / 3.75–4.00%
policy
01

5-Year Trend

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

USD / EGP · EGP
55.95
▲ +256% over 5y
12.3924.0935.8047.5159.22 2021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-312026-09-302026-10-30 USD / EGP
USD / GBP · GBP
0.7472
▼ -1% over 5y
0.720.760.810.860.91 2021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-312026-09-302026-10-30 USD / GBP
S&P 500 · index
7,720
▲ +69% over 5y
3,2554,4545,6536,8528,051 2021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-10-012026-10-29 S&P 500
Gold · XAU/USD · $/oz
4,009
▲ +126% over 5y
1,3922,2933,1934,0934,993 2021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-10-012026-10-30 Gold · XAU/USD
Oil · Brent · $/bbl
111.87
▲ +59% over 5y
56.5372.2087.86104119 2021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-10-012026-10-30 Oil · Brent
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,720.39+0.74%
Dow Jones52,342.56-0.99%
Nasdaq26,184.73+0.68%
FTSE 10010,722.07-0.03%
DAX26,039.68+2.63%
CAC 407,970.00+2.41%
Nikkei 22563,286.33+1.76%
Hang Seng23,355.22+1.13%
Egypt & RegionEGX
IndexLevelChange
EGX 3049,596.10+0.64%
03

Rates & Central Banks

Egypt · CBE
20.00%
Overnight deposit.
Egypt · CBE
21.00%
Overnight lending.
US · Federal Reserve
3.75–4.00%
Fed funds target — on hold.
Egypt · CBE Corridor, Bills & Bondspolicy real · yields indicative
InstrumentRate / YieldNote
Policy corridor
Overnight deposit20.00%
Overnight lending21.00%
Main operation20.50%
CONIA19.468%
Treasury bills
182-day25.457%
364-day26.076%
Treasury bonds
3-year24.432%
Inflation
Core inflation14.100%
Headline inflation13.900%
Global Benchmark Rateslatest levels
RateLevel
United States
Fed funds target on hold3.75–4.00%
SOFR (overnight)3.94%
Euro Area
ECB deposit facility2.50%
ECB main refinancing2.65%
ECB marginal lending2.90%
€STR2.44%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP55.95+1.74%
EUR / USD1.1187-0.28%
GBP / USD1.3383+0.04%
USD / JPY157.59+0.48%
Commoditieslatest
CommodityPrice
Gold · XAU/USD -0.73% · $/oz▼ $4,009.00
WTI crude +1.16% · $/bbl▲ $102.94
Brent crude -3.40% · $/bbl▼ $111.87
05

Global Economy

US · Macro

Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates

(29 Oct) The U.S. economy expanded at a better-than-expected pace in the third quarter, supported by resilient consumer spending. However, underlying inflation accelerated during the period, presenting a mixed signal for the broader economic outlook.

Read full article → CNBC
Japan · Central Banks

BOJ holds rates as underlying inflation aligns with 2% target for first time since 2013

(30 Oct) The Bank of Japan kept its monetary policy unchanged after declaring that its underlying inflation target has been met for the first time in over a decade. The milestone marks a significant shift in the central bank's long-standing battle against deflation.

Read full article → CNBC
Europe · Central Banks

European Central Bank keeps key interest rate on hold at 2.5%

(29 Oct) The European Central Bank maintained its key interest rate on hold, delivering a hawkish pause that caught markets off guard. Traders quickly adjusted their expectations, pricing in a heightened probability of a rate increase in the coming months.

Read full article → CNBC
US · Central Banks

Analysis: Kevin Warsh is keeping Wall Street guessing. It may be his most powerful tool

(29 Oct) Federal Reserve Chairman Kevin Warsh signaled a preference for tighter monetary policy while deliberately preserving flexibility to respond to incoming economic data. This strategic ambiguity allows the central bank to navigate uncertain inflation dynamics without committing to a rigid path.

Read full article → CNBC
US · Tech

Microsoft plans to raise $25 billion in debt as it pursues AI buildout

(30 Oct) Microsoft is preparing a major debt offering to fund its expansive artificial intelligence infrastructure and capital expenditures. The technology giant leverages its robust credit profile to finance the buildout while maintaining positive free cash flow.

Read full article → CNBC
US · Tech

Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance

(30 Oct) Intel shares suffered a severe decline after the chipmaker issued weak guidance, citing a persistent slowdown in the personal computer market. The disappointing outlook underscores the challenges the company faces in its core business despite recent momentum in artificial intelligence.

Read full article → CNBC
US · Tech

Alphabet earnings miss reflects first real sign that AI is taking a bite out of search

(29 Oct) Alphabet reported a significant earnings miss driven by weaker-than-expected revenue from its core search business. The results provide the first tangible evidence that generative artificial intelligence tools are beginning to disrupt the company's dominant advertising franchise.

Read full article → CNBC
US · Tech

Amazon posts negative free cash flow of $42.4 billion, holds 2026 capex unchanged

(29 Oct) Amazon reported a substantial deterioration in its free cash flow during the third quarter as earnings and revenue fell short of expectations. The company maintained its capital expenditure guidance, signaling continued heavy investment in its cloud and logistics networks despite the margin pressure.

Read full article → CNBC
Crypto · Markets

Biggest-ever crypto hack impacts $6.3 billion as Binance works to contain fallout

(30 Oct) Binance is working to contain the fallout from a massive security incident that resulted in the loss of extensive digital assets. The exchange has pledged to cover all customer losses and successfully froze a significant portion of the stolen funds.

Read full article → CNBC
Global · Labor

Banks and healthcare firms are outbidding tech for software talent, major recruiter says

(29 Oct) Traditional industries such as banking and healthcare are increasingly outbidding technology companies for artificial intelligence and software engineering talent. This shift reflects a broader reshaping of the labor market as non-tech sectors accelerate their digital transformation efforts.

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

Cabinet extends alternative housing applications for old rent tenants to January 2027

(29 Oct) The Egyptian Cabinet approved a three-month extension for tenants of old rent properties to apply for alternative housing units, pushing the deadline to January 12, 2027. The decision follows a report from the Housing Ministry detailing the number of applicants and their distribution across governorates.

Read full article → Economy Plus
Egypt · Technology

Government outlines plan to counter harmful social media content

(29 Oct) The Cabinet reviewed a committee report proposing a mix of awareness, technical, and legislative measures to combat negative practices on social media. The recommendations include automating the monitoring of violations, establishing an operations room, and tightening penalties for spreading rumors.

Read full article → Economy Plus
Egypt · Banking

Bank Cairo IPO covered 27 times, trading set to begin on November 2

(29 Oct) The Egyptian Exchange reported that the public offering for Bank Cairo was subscribed 27 times, with total orders reaching 9.29 billion shares. Trading of the bank's shares will commence on November 2 at an offer price of 5.30 Egyptian pounds per share.

Read full article → Economy Plus
Egypt · Banking

Saudi Egyptian Investment plans 20 million EGP investment in Bank Cairo and Misr Life

(29 Oct) Saudi Egyptian Investment and Financing disclosed its intention to invest up to 20 million Egyptian pounds in Bank Cairo and Misr Life Insurance Company. The company's board authorized the investment committee to proceed with the participation, allocating 10 million pounds to each entity.

Read full article → Economy Plus
Egypt · Automotive

Parliamentary committee approves 1 billion EGP initiative for CNG cars

(29 Oct) The Plan and Budget Committee in the House of Representatives preliminarily approved a government bill to support youth in purchasing new natural gas-powered vehicles. The state treasury will cover applicable taxes and customs under the 1 billion Egyptian pound program, which aims to provide 3,000 to 4,000 exempted cars.

Read full article → Economy Plus
Egypt · Food & Beverage

Dollar and shipping costs drive new wave of higher food prices in Egypt

(29 Oct) Food prices in Egypt are rising again due to the local currency's decline against the dollar and increased shipping and marine insurance costs. The pressures affect basic raw materials and packaged goods, prompting companies to raise prices while market participants warn of reduced purchasing power.

Read full article → Economy Plus
Egypt · Energy

Egypt allocates $1.5 billion for oil imports in Q4

(29 Oct) Egypt targets the import of approximately 15 million barrels of crude oil in the fourth quarter of 2026, an 8% increase year-on-year. The cost of these imports is estimated between $1.4 billion and $1.5 billion to secure local market needs and supply refineries.

Read full article → Economy Plus
Egypt · Energy

US Apache to connect 5 gas wells in Egypt, adding 70 mmcf/d

(29 Oct) US-based Apache Corporation plans to add about 70 million cubic feet of natural gas per day to its Egyptian production in the first quarter of 2027. The company will connect five new wells in its Western Desert concessions with investments estimated at $30 million.

Read full article → Economy Plus
MENA · Markets

Fitch: Gulf stock markets value reaches $4 trillion, Saudi largest

(29 Oct) Fitch Ratings reported that the combined market capitalization of Gulf stock markets reached approximately $4 trillion by the end of September 2026. The Saudi financial market retained its position as the largest in the region, accounting for 63% of the total, followed by the Abu Dhabi Securities Exchange with an 18% share.

Read full article → Economy Plus
KSA · Transport

Saudi Bahri Q3 profits jump 891%

(29 Oct) Saudi maritime transport company Bahri reported a net profit of 5.1 billion riyals in the third quarter, up 890.7% from 513.36 million riyals a year earlier. The surge was driven by higher global shipping rates and increased operational activities.

Read full article → Economy Plus
Global · Macro

US Fed keeps interest rates unchanged

(29 Oct) The US Federal Reserve maintained its benchmark interest rate in the range of 3.75% to 4.00%, citing the need for more economic data to determine the appropriate monetary policy path. The decision was supported by 10 members, with two dissenting in favor of a 25 basis point increase.

Read full article → Economy Plus
Egypt · Utilities

Cabinet approves 30% discount on electricity meters for pre-2024 users

(29 Oct) The Cabinet approved a 30% reduction in consumption fees for six months for citizens using unlicensed electricity meters installed before 2024 to regularize their status. The state will bear the cost of the discount, estimated at 3 billion Egyptian pounds, implementing recommendations from the Egypt 2026 Forum.

Read full article → Economy Plus
Egypt · Agriculture

Agriculture Ministry launches initiative to support small wheat farmers

(29 Oct) The Ministry of Agriculture introduced an initiative to support small farmers during the new winter season by mechanizing one million feddans of wheat cultivation. The program targets landholdings under two feddans and offers a 50% reduction in the total cost of agricultural mechanization operations.

Read full article → Economy Plus
Egypt · Markets

Government targets December for Nasr Glass and Bearings IPOs

(29 Oct) The government aims to complete the offering and listing procedures for Nasr Glass and Crystal Manufacturing Company and Bearings and Transport Manufacturing Company in December. Nasr Glass has an issued capital of 100 million Egyptian pounds, while Bearings has a capital of 125 million Egyptian pounds.

Read full article → Economy Plus
Egypt · Markets

EGX30 drops 1.64% amid selling pressures

(29 Oct) The Egyptian Exchange's main index EGX30 fell 1.64% to close at 49,281 points, extending losses to small and mid-cap indices. Egyptian investors were the only net buyers, recording a net purchase of 202.886 million Egyptian pounds, while foreign and Arab investors recorded net sales.

Read full article → Economy Plus
Egypt · Diplomacy

President Sisi arrives in Moscow for Russian-African summit

(29 Oct) President Abdel Fattah El-Sisi arrived in Moscow to head the Egyptian delegation at the third Russian-African summit. The President is scheduled to deliver a speech during the general session and hold a bilateral meeting with Russian President Vladimir Putin.

Read full article → Economy Plus
Egypt · Trade

Egypt-Russia trade rises 22.4% to $4.91 billion in first 9 months of 2026

(29 Oct) Trade exchange between Egypt and Russia grew 22.4% year-on-year to reach approximately $4.91 billion in the first nine months of 2026. Egyptian imports from Russia increased 25.2% to $4.25 billion, while exports rose 7.1% to $660.4 million.

Read full article → Economy Plus
Egypt · Energy

Rosatom discusses floating and small nuclear power plants with Egypt

(29 Oct) Rosatom CEO Alexey Likhachev stated that Egypt and Russia are discussing cooperation opportunities to localize floating nuclear power plants and small modular reactors. He added that Russian President Vladimir Putin is personally following the details of the El Dabaa nuclear power plant project.

Read full article → Economy Plus
Qatar · Investment

Qatari business group seeks expanded investments in Egypt

(29 Oct) Members of the Qatar Businessmen Association expressed interest in expanding their investments in the Egyptian market across tourism, real estate, industry, and financial services. The group also explored cooperation opportunities with Egyptian companies in artificial intelligence, education, and healthcare.

Read full article → Economy Plus
Egypt · Trade

Egypt's printing, packaging, and paper exports rise 23% to $867 million

(29 Oct) Exports from Egypt's printing, packaging, and paper sectors increased 23% year-on-year to reach about $867 million in the first nine months of 2026. This is up from $707 million during the same period in 2025, according to the sector's Export Council.

Read full article → Economy Plus
Egypt · Aviation

Air Cairo to launch 4 weekly flights from Hurghada to Baghdad

(29 Oct) Air Cairo will operate four weekly flights from Hurghada to the Iraqi capital Baghdad starting December 22. The flights will operate on Mondays, Tuesdays, Thursdays, and Fridays via Baghdad International Airport.

Read full article → Economy Plus
Egypt · Trade

Sudan lifts import ban on 44 Egyptian goods

(29 Oct) Sudan has lifted the import ban on 44 Egyptian products and exempted several food items and industrial inputs from customs duties and taxes. The exemptions cover food products like flour, lentils, rice, and cooking oils, as well as building materials, textiles, and cosmetics.

Read full article → Economy Plus
UAE · Energy

ADNOC to transport some offshore oil via new pipeline to avoid Hormuz disruptions

(29 Oct) Abu Dhabi National Oil Company informed some Asian refiners that part of its offshore oil supply will likely be transported via a new pipeline early next year. The move will help the company avoid disruptions in the Strait of Hormuz by rerouting some Upper Zakum crude shipments.

Read full article → Economy Plus
Morocco · Macro

Morocco surpasses South Africa as fourth most attractive investment destination in Africa

(29 Oct) Morocco has overtaken South Africa to become the fourth most attractive investment destination on the African continent, driven by years of manufacturing growth and export diversification. The ranking by Rand Merchant Bank reflects the country's successful industrialization and infrastructure investments.

Read full article → Economy Plus