Global equities ended mostly firmer last week, as concerns over inflation eased.

UK Markets ended the week in positive territory, after Britain’s Prime Minister Boris Johnson resigned, following the resignations of several ministers.

The S&P Global/CIPS services PMI unexpectedly rose in June.

The Halifax house prices index climbed in June, recording its biggest monthly rise since early 2007.

The S&P Global construction PMI recorded its weakest expansion since September 2021 in June.

European Markets ended the week on a positive footing, as recession fears faded.

Eurozone’s S&P Global/BME services PMI dropped less than anticipated in June.

Eurozone’s retail sales rebounded in May.

Eurozone’s Sentix investor confidence index declined to a 26-month low in July.

Eurozone’s producer price index (PPI) rose less than expected in May.

Germany’s factory orders unexpectedly rose in May.

Germany’s industrial production advanced less than expected in May.

Germany registered a trade deficit for the first time in 30 years in May.

Germany’s S&P Global/BME services PMI fell as expected in June.

US Markets ended mostly lower.

The MBA mortgage applications fell in the week ended 01 July 2022.

The S&P Global services PMI dropped in June.

Goods trade deficit widened in May.

Initial jobless claims unexpectedly rose in the week ended 01 July 2022.

Consumer credit rose at its slowest pace in 4 months in June.

Factory orders advanced more than market forecast in May.

The ISM services PMI fell less than expected in June.

The JOLTS job openings declined less expected in May.

Average hourly earnings rose as expected in June.

Nonfarm payrolls advanced more than forecasted in June.

The unemployment rate remained unchanged in June.

Asian Markets ended mostly lower last week.

Japan’s Jibun Bank services PMI rose less than expected in June.

Japan's overall household spending unexpectedly fell in May.

Japan’s current account surplus narrowed in May.

Japan’s (BOP basis) trade deficit widened in May.

Australia’s AiG performance of construction index fell in June.

Australia’s S&P Global services PMI dropped in June.

Australia’s AiG performance of services index fell in June.

Australia’s trade surplus unexpectedly widened in May.

The Reserve Bank of Australia (RBA) raised its key interest rates for the third time by 50 basis point to 1.35%, as widely expected.

China’s Caixin services PMI advanced in June.

China’s consumer price index (CPI) rose more than expected in June.

China’s producer price index (PPI) climbed in June.

The EUR ended lower against the USD last week, after Eurozone’s Sentix investor confidence index declined in July.
The British Pound ended weaker against the greenback last week.
The US Dollar ended stronger against its major counterparts last week, following the hawkish remarks by the US Federal Reserve (Fed).

Minutes of the US Fed June monetary policy meeting revealed that policymakers are considering another 50 or 75 basis point rate hike at the July meeting. Further, officials expressed the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession.h

Going ahead this week, investors will keep a tab on the US the NFIB business optimism index, the CPI, the Fed's Beige Book, initial jobless claims, the PPI, the NY Empire State manufacturing index, retail rales, industrial production and the Michigan consumer sentiment index. Additionally, Eurozone’s ZEW economic sentiment index, industrial production and trade balance while Germany’s ZEW survey indices and the CPI along with Germany’s ZEW survey indices and the CPI. Also, UK’s BRC like-for-like retail sales, goods trade balance, gross domestic product (GDP), industrial production and the RICS housing price balance index would garner significant amount of investor attention.