Global Markets Weekly Update

Date: July 10, 2026

U.S. Market Overview

Major U.S. stock indexes closed the week mixed, with the Nasdaq Composite and S&P 500 Index gaining due to a rebound in semiconductor and AI-related shares. The Nasdaq led with a 1.74% gain, while the S&P 500 advanced 1.23%. In contrast, the Dow Jones Industrial Average fell 0.50%, and the Russell 2000 Index declined 0.61%. Growth stocks outperformed value stocks.

Sector performance within the S&P 500 saw information technology leading, while energy and communication services also posted strong gains. The week was characterized by light trading volumes as investors awaited upcoming economic data and earnings reports.

Federal Reserve Insights

Minutes from the Federal Reserve's June meeting revealed a divergence in policy outlook, with some officials advocating for interest rate hikes. Economic data releases were limited, with the ISM services PMI easing slightly but remaining in expansion territory.

Bond Market Performance

U.S. Treasuries experienced negative returns as rising oil prices and hawkish Fed minutes pushed yields higher. The yield on the 10-year Treasury note rose to approximately 4.56%.

European Market Overview

The pan-European STOXX Europe 600 Index fell 1.79% amid geopolitical tensions, particularly the collapse of the U.S.-Iran ceasefire. Major indexes in Germany, France, and the UK also saw declines.

Germany's inflation rate fell to 2.3%, while household consumption in the Netherlands rose significantly. Additionally, German exports unexpectedly increased, contributing to a mixed economic outlook.

Japan Market Overview

Japan's stock markets declined, with the Nikkei 225 Index down 1.70%. Geopolitical tensions and profit-taking in technology shares weighed on investor sentiment. The yield on the 10-year Japanese government bond remained stable.

Economic data indicated persistent inflationary pressures, with producer prices rising significantly, while household income growth moderated.

China Market Overview

Chinese equities showed divergence, with mainland indexes declining while Hong Kong equities advanced. Inflation data revealed firmer upstream pricing but subdued consumer demand, prompting attention towards upcoming GDP data.

The People's Bank of China maintained a supportive monetary policy stance, focusing on domestic demand and technology innovation.

Other Key Markets

New Zealand

The Reserve Bank of New Zealand raised its cash rate, signaling further tightening may be needed due to persistent inflation pressures.

Mexico

Mexico's inflation cooled, but external risks weighed on the peso, with the IMF lowering GDP growth forecasts amid a challenging global environment.

Market Performance Summary

Index	Friday’s Close	Week's Change	% Change YTD
DJIA	52,637.01	-263.06	9.52%
S&P 500	7,575.39	92.15	10.66%
Nasdaq Composite	26,281.61	448.94	13.08%
S&P MidCap 400	3,780.12	-22.69	14.37%
Russell 2000	2,977.81	-18.30	19.98%

This material is provided for informational purposes only and is not intended to be investment advice.