Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
U.S. Consumer Sentiment Hits Record Low as Iran Conflict Fuels Inflation Concerns 
Gold Prices Rise Slightly but Head for Weekly Loss Amid Oil Surge and Inflation Fears 
Chip Stocks Rally on AI Optimism as Oil Price Surge Adds Market Tension 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
Gold Prices Edge Higher on Weak Dollar but Face Weekly Loss Amid Oil-Driven Inflation Fears 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
European Central Bank's (ECB) unprecedented easing, which has unleashed more than €250 billion of liquidity in Euro zone seems to be working its magic for the economy as well as almost all subsectors, as per latest data from Markit economics.
According to sectorial PMI research,
- In July, Banks topped sectorial rankings, suggesting ECB's easing finally sipping into the performance of the sector, which is expecting better business days ahead. Financials were the fastest growing broad sector.
- Data also pointed out that consumers are warming up to better economic days as strong expansion in output were registered in beverages to Automobiles to Tourism.
- Commercial sectors seem to be improving to with expansion seen across industry, with greater expansion for machinery and equipment.
- Construction, however continues to lag and even contracted in July from June.
In spite of rate hike from FED and all global headwinds, European stocks are likely to outperform going ahead, especially after the rate hike from US Federal Reserve.
