Stock Markets Rebound on Signs of Cooling Inflation, Central Banks' Cautious Approach
- Inflation slowed in the US in June, potentially leading the Fed to pause interest rate hikes.
- The ECB expressed concerns about the European economy but signaled slowing the pace of hikes.
- The Bank of Japan maintained its ultra-loose policy but made moves toward normalization.
- US tech companies like Meta and Intel reported strong earnings, boosting stocks.
- European luxury names like LVMH disappointed, but Hermès showed resilience.