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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.
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