The geopolitical instability is overshadowing recent cooling trends in U.S. inflation, leaving investors wary despite benign economic data from June. Futures markets currently price in a two-thirds probability of a Federal Reserve interest rate hike by September, as participants weigh the threat of a full-scale regional war against domestic monetary policy.
Tech equities remain under significant pressure following a 20% decline in U.S. chip stocks from their June peaks, signaling a potential cooling of the artificial intelligence frenzy. Market attention now shifts toward high-stakes earnings reports from Alphabet, Intel, and Tesla. Meanwhile, in the United Kingdom, Andy Burnham formally assumes the role of Prime Minister today, with investors closely monitoring his pending cabinet appointments and the selection of a new finance minister to navigate the current fiscal climate.
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