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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InFinancial markets are awaiting Wednesday's release of the FOMC meeting minutes, which will provide the first detailed insight into monetary policy direction under new Fed Chair Kevin Warsh. This anticipation comes as the S&P 500 faces mounting pressure from stretched valuations and a cooling labor market. Furthermore, fresh weakness in semiconductor stocks is heightening investor sensitivity to upcoming economic indicators.
This caution on Wall Street coincides with mixed global economic data, where Eurozone economic sentiment improved to 95 points according to market data released on June 29, 2026. Conversely, Japan's retail sales recorded a 5.3% annual growth, exceeding the 3.2% forecast, reflecting divergent performances among major economies ahead of the critical U.S. jobs report.
Regarding upcoming moves, traders are closely monitoring S&P 500 levels ahead of the minutes release on July 8, 2026. Looking at the economic calendar, focus will remain on Fed official speeches and leading indicators to gauge the resilience of the U.S. economy. These events serve as primary catalysts that could define market direction amid ongoing concerns over labor market deceleration.