Global Markets Digest

Multiple angles now align on rising rate risks that markets appear to discount.

• AI-driven inflation: Surging capital spending and energy costs are...

Asian markets rebounded sharply on selective bargain hunting, with Nikkei up 1.82%, Kospi gaining 2.85%, and Hang Seng rising 2.3%.

In contrast,...

U.S. stocks traded mixed with the Dow falling over 100 points while Nasdaq climbed.

• Communication services led, up 1.7%; financials lagged, down...

Despite the S&P 500 rising 11.4% through mid-July, its forward P/E ratio has fallen 7.7% year to date as earnings estimates surge ahead of prices....

Former New York Gov. Andrew Cuomo's appointment to OKX's board and co-chair role in its 50-50 joint venture with ICE (NYSE parent) signals tokenized...

• Geopolitical tensions from the US-Iran conflict kept sentiment cautious, though diplomatic hints from Tehran reversed early oil gains and supported...

Escalating U.S. strikes on Iran and counterstrikes pushed Treasury yields higher while equities edged up on economic resilience.

• Bond market...

• EWY pulled $3.03B as investors bypassed 27% SK Hynix ADR premiums for cheaper Korea exposure
• EFV value ETF drew $1.47B while Mag7 lagged and broad...

Treasury bill settlements will drain liquidity starting Tuesday, creating a near-term headwind for risk assets.

• $56 billion net new issuance...

Last week's strong bank results signal broader market health as Q2 earnings accelerate.

• Bank profits surged +39% YoY across top firms, with 10...

Harding Loevner launched its first actively managed ETF, LOEV, wrapping its 16-year international developed markets strategy into a tax-efficient...

Five of nine major indexes tracked remain positive through July 20, 2026.

• Nikkei 225 leads with +27.4% YTD, followed by TSX (+10.2%) and S&P 500...

Bitcoin ETFs saw $75.7 million in net inflows last week, marking a second straight week of positive flows after June's $4.5 billion outflows. Yet...

U.S. futures opened mixed as the S&P 500 stayed flat and Dow futures fell 0.1%, while European equities declined with the Stoxx Europe 600 down 0.2%. FTSE 100, CAC 40, and DAX each posted modest losses in morning trading.

Invesco strategist Brian Levitt argues bull markets end when supporting conditions deteriorate, not from predictions.

Key positive signals:

• Cooling...

U.S. stock valuations have reached dot-com bubble levels, signaling potential risks for long-term investors. The SPY ETF tracks the broad S&P 500 exposure amid these elevated readings.

FTX will distribute more than US$900 million to eligible creditors, with payments expected to begin in late September.

• Middle East conflict escalates sharply as US-Iran strikes threaten Strait of Hormuz transit, pushing Brent near $90 and WTI above $83.50.
• UK...

Global chip stocks rebounded Monday with SK Hynix surging 5% and AMD rising 3-4%, pulling NVIDIA and Intel higher in early trading.

• Korea emerged...

• Stock futures point higher with Nasdaq futures up 1.1% after last week's losses across major indexes.
• Oil prices swing sharply, falling 2% to $81...