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July 7, 2026

New Zealand Morning Focus

Daily UpdateCommoditiesEquitiesFXInformation Technology

Global markets saw technology-led gains in US equities while bond yields remained rangebound. Attention now turns to the FOMC minutes for insights into potential future interest rate trajectory.

Key Takeaways

  • 1.US equity markets rose, driven by technology stocks, while bond yields remained relatively flat at the start of the week.
  • 2.The June US ISM services index printed at 54.0, meeting consensus expectations, with signs of stabilizing supply chains.

Table of Contents

  • Highlights
  • Data and events today
  • Financial markets
  • Global markets overview
  • Key data and events
  • Key themes and views
  • Market snapshot
  • Key data releases
  • What's ahead today

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Authors

Miles WorkmanHenry Russell

Securities

S&P 500WTI Oil futures

Themes

Economic ResilienceMonetary Policy Outlook

Regions

GlobalAsia PacificEuropeUnited StatesJapanNew Zealand