Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

• ECB President Christine Lagarde announced on June 11, 2026, that inflation is expected to remain well above target levels until the first half of 2027. • The central bank is currently evaluating how to respond to a significant spike in energy prices that threatens price stability.

• Major U.S. stock indexes rose on Friday, attempting to mitigate losses after a generally downward trend throughout the week. • The market recovery was driven largely by a retreat in oil prices, which helped ease inflationary pressures on investors.

• Approximately 85% of S&P 500 companies have beaten profit estimates during the current US earnings season, marking the highest beat rate in five years. • Despite these strong corporate results, investment funds have seen outflows for the second consecutive week as investors flee the market.

• The US stock market experienced a significant downturn, sliding nearly 2% as investors shifted toward a risk-off sentiment. • The decline was driven primarily by losses in big tech, artificial intelligence, and semiconductor stocks, compounded by rising oil prices.

• The Bank of England's Monetary Policy Committee (MPC) is implementing quantitative tightening (QT) to reduce the amount of money in the economy. • At its September 2025 meeting, the MPC announced plans to reduce its asset holdings by an additional £70 billion through the sale of government bonds.

• The Sensex and Nifty 50 declined for the fifth consecutive session on July 24, 2026, with auto and metal stocks acting as primary drags on the market. • Geopolitical disruptions in West Asia have stalled flows in the Strait of Hormuz and Bab-el-Mandeb, pushing oil prices back toward US$100 per barrel.

• Risk-off sentiment dominated the Asia session on July 24, 2026, as escalating Middle East tensions pushed crude oil prices above $100 per barrel and renewed global inflation concerns. • Canadian economic data showed consumer resilience, with retail sales rising 1.0% in May and further increases expected in June, supporting the CAD against the USD around 1.4070–1.4080.

• T-Mobile US stock is trading near record highs as the company focuses on its 2025 earnings guidance and the integration of its UScellular acquisition. • The company's strong market position is currently supported by rising profitability and robust free cash flow generation throughout 2024 and into 2025.

• The European Central Bank (ECB) announced on Thursday that it will keep its key interest rates unchanged following its July policy meeting. • Specific rates remain at 2.4% for main refinancing operations, 2.65% for the marginal lending facility, and 2.25% for the deposit facility.

• The European Central Bank (ECB) is reportedly preparing to raise interest rates during its upcoming September meeting, according to Bloomberg sources. • While the ECB kept rates steady during its most recent session, Chair Christine Lagarde acknowledged that internal discussions regarding a hike have already begun.

• New EU car registrations increased by 5.7% during the first half of 2026, driven by strong performance in June despite ongoing geopolitical headwinds. • Battery-electric vehicles reached a 20.7% market share, with significant growth in France (+62.9%), Germany (+48%), and Denmark (+41.2%).