Global Markets Highlights — Jul 29, 2026 | Aivina
July 29, 2026
Global financial markets saw equities advance, particularly in technology, driven by positive sentiment despite rising global bond yields. However, an unexpected surge in Eurozone inflation has complicated the central bank policy outlook, reinforcing caution on interest rate cuts. This led to a broad weakening of the US dollar against major peers.
Highlights
- Global equities advanced, led by technology, showing broad risk appetite.
- Eurozone inflation surprised upward, exceeding market forecasts, fueling ECB caution.
- US dollar generally weakened, Yen remained pressured, against a basket of currencies.
Macro Overview
Inflation
Eurozone inflation unexpectedly rose to 2.6% in May. US core PCE data shows persistent stickiness, maintaining global inflation concerns.
Interest Rate Outlook
ECB June cut is expected, but future path unclear. Fed signals prolonged high rates, maintaining data-dependent stance, delaying cuts.
Risk Sentiment
neutral
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