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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 InReflecting growing market optimism for a global monetary easing cycle, Asian equities climbed following softer-than-anticipated US Consumer Price Index (CPI) data. However, market sentiment was weighed down by a miss in China's GDP growth figures, which failed to meet expectations. Additionally, traders are closely monitoring escalating geopolitical tensions involving Iran and the Gulf, a dynamic that has pushed oil prices above the $79 threshold.
This divergence in performance coincides with persistent deflationary pressures in the world's second-largest economy, as previous data from China showed the annual inflation rate at 1% on July 9, 2026, missing the 1.1% forecast per market data. Conversely, the cooling US inflation figures have bolstered expectations for Federal Reserve rate cuts, providing a tailwind for both emerging and developed equity markets across the region.
Looking ahead, global markets are awaiting the release of the FOMC Minutes, which may offer clearer signals regarding the future path of monetary policy. In the absence of real-time instrument pricing data, investor focus remains on energy price stability and the upcoming US Initial Jobless Claims scheduled for July 9, 2026, as key catalysts for market direction in the coming sessions.