Gold Prices Rebound in Asia Amid Iran War Ceasefire Hopes 
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
Oil Prices Climb as Middle East Conflict Keeps Supply Risks Elevated 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
South Korea's Exports Hit Record High in March on AI-Driven Chip Demand 
European Central Bank's (ECB) unprecedented easing, which has unleashed more than €250 billion of liquidity in Euro zone seems to be working its magic for the economy as well as almost all subsectors, as per latest data from Markit economics.
According to sectorial PMI research,
- In July, Banks topped sectorial rankings, suggesting ECB's easing finally sipping into the performance of the sector, which is expecting better business days ahead. Financials were the fastest growing broad sector.
- Data also pointed out that consumers are warming up to better economic days as strong expansion in output were registered in beverages to Automobiles to Tourism.
- Commercial sectors seem to be improving to with expansion seen across industry, with greater expansion for machinery and equipment.
- Construction, however continues to lag and even contracted in July from June.
In spite of rate hike from FED and all global headwinds, European stocks are likely to outperform going ahead, especially after the rate hike from US Federal Reserve.
