Global markets rallied as positive US economic data boosted equities and raised bond yields. Meanwhile, slowing inflation across Europe is tempering expectations for further ECB rate hikes.
Key Takeaways
- 1.Global equity markets and bond yields moved higher following resilient US economic data.
- 2.US JOLTS report and labor market conditions suggest a 'low hire, low fire' environment, supporting the case for a Federal Reserve hold.
- 3.Euro area inflation data for June came in below expectations, cooling the case for further ECB rate hikes.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Key themes and views
- Market snapshot (07:15 NZ Time)
- Key data releases
- What's ahead today
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Matt DillySharon ZollnerHenry Russell
Securities
S&P 500WTI Oil
Themes
Disinflationary trendsLabor market stabilization
Regions
GlobalEuropeUnited StatesNew ZealandAustralia