Global Markets Highlights — Jul 3, 2026 | Aivina
July 3, 2026
Global financial markets saw mixed performance. European equities declined significantly following EU election results and a snap French election call, causing the Euro to weaken. Conversely, US technology stocks continued their strong momentum, pushing the S&P 500 to new highs. Central banks are diverging, with the ECB and BoC cutting rates, while the Fed is expected to hold steady, contributing to a neutral but cautious global risk sentiment.
Highlights
- European equities fell sharply
- US tech stocks sustained gains
- Euro weakened post-elections
Macro Overview
Inflation
Eurozone inflation rose to 2.6% in May; China's CPI increased 0.3% year-on-year in May. US May CPI data is pending.
Interest Rate Outlook
ECB and BoC initiated rate cuts. Fed is widely expected to hold rates this week. Major central banks are diverging on policy.
Risk Sentiment
neutral
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