Global Markets Bracing for Busy Week Ahead

The global financial markets are bracing for a busy week ahead, with several key events and releases that could impact market sentiment. The European Central Bank is expected to hike interest rates next week, following an increase in June.

In the US, the bond market continues to send a signal to the Federal Reserve that it is not prepared to tolerate a relaxed attitude towards inflation. The 10-year Treasury yield has risen to 4.75%, while the 30-year Treasury yield stands at 5.2%.

On Wednesday, Apple's annual product launch will take center stage, with new CEO John Ternus expected to unveil several new products, including a potential foldable phone and AirPods with a built-in camera.