US Inflation Eases, Global Economies Remain Resilient Amid AI Optimism

The US consumer price index (CPI) showed few signs of accelerating in July as energy prices continued to decline, following the Iran conflict. This development reinforces the Federal Reserve's decision not to raise interest rates in the near term.

Economies in Europe remained resilient, with the UK expanding by 0.3% in June due to favorable weather and World Cup football. France is also expected to maintain its momentum this quarter, driven by growth in key sectors and lower inflation.

Emerging markets continued to favor higher-yield assets, while South Korean stocks entered a technical bull market on renewed optimism for AI spending.