Financial News

A hung parliament in France mitigates risk of significant fiscal slippage due to the policy agendas of the far right or radical left. Still, reform momentum will likely stall given the need for compromise.

The steady decline in Empire State business activity, continued job contraction, and modest price increases suggest a bearish short-term outlook.

Goldman’s results serve as a barometer for the financial industry, suggesting renewed confidence in market activities.

It could be a crucial week ahead for the global financial markets. The ECB, the Fed, and the Chinese economy will be in the spotlight.

Long-run inflation expectations declined from 3.0% in June to 2.9% in July.

PPI rise signals persistent inflation, potentially delaying Fed rate cuts as policymakers maintain caution in the near-term economic climate.

Based on JPMorgan’s strong performance and Dimon’s cautionary stance, the short-term outlook for the banking sector appears mixed.

Natural gas prices remain under pressure as traders react to the bearish report.

Inflation Rate Declines in June The monthly inflation rate in the United States dipped in June, offering the Federal Reserve more room to potentially lower interest rates later this year. The consumer price index (CPI), a key indicator of the costs of goods and services, decreased by 0.1% from May.

Fed needs more good data to strengthen its confidence that inflation is moving sustainably towards its 2 percent target.

Powell’s testimony may leave markets in a holding pattern, stressing patience in monetary policy as the Fed seeks more economic data to guide choices.

US inflation data and Fed Chair Powell’s testimony this week could cement bets on a September rate cut. Will there be any surprise central bank moves?

Unemployment Rate increased from 4% in May to 4.1% in June.

The Labour Party won a landslide victory in Thursday’s UK general elections but long-run challenges will endure, including dealing with rising debt and reviving the economy while hitting fiscal targets.

Eurozone retail sales and US Jobs Report set to influence market trends and ECB and Fed rate expectations after more weak stats from Germany.

France’s planned consolidation of its public finances risks being deferred, considering the likely outcomes of legislative elections, with consequences for the EU policy agenda and, potentially, investor sentiment.

Higher-for-longer rates heighten the stakes for sovereign debt sustainability especially as financial-market and institutional checks on the borrowing of rich countries are weaker than they were several years ago.

German factory orders slide by 1.6% in May, missing forecasts amid sectoral challenges. The EUR/USD reacted cautiously to German factory order data.

Gasoline inventories decreased by 2.2 million barrels from the previous week.

Lower business activity, contraction in new orders, and continued contraction in employment pushed the ISM Services PMI index into the contraction territory.