FIIs on a buying spree for three days: Analyst decodes renewed interest - BusinessToday

• Wall Street reacted negatively after Federal Reserve Chair Kevin Warsh decided to hold interest rates steady instead of implementing a hike. • Analysts, including Bank of America's Mark Cabana and PGIM's Robert Sockin, described the move as a "credibility shock" and criticized Warsh for failing to explain the decision during his press conference.

• The Federal Reserve committee maintained stability in a split 9-3 vote on July 30, 2026, despite opposition from the Cleveland, Dallas, and Minneapolis banks. • Three committee members advocated for a quarter-point interest rate increase, signaling internal discord regarding the current trajectory of the global economy.

• Asia-Pacific stocks rose for a second consecutive day, driven largely by a recovery in South Korean markets fueled by semiconductor giants SK Hynix and Samsung. • The Japanese yen surged abruptly while the US dollar declined following the Federal Reserve's decision to keep interest rates unchanged.

• The Indian stock market saw a positive close, with the Sensex rising 270 points and the Nifty ending above the 24,300 mark. • Major Asian markets experienced significant gains, including Taiwan's benchmark rising 1.66% to 40,705.65, South Korea's Kospi jumping 3.55%, and Japan's Nikkei climbing 1.43%.

• Eurozone inflation rose to 2.9% in July, though price pressures varied significantly across different member states. • The Netherlands experienced the sharpest monthly increase at 1.5%, followed by Germany at 0.9% and France at 0.6%.

• The UK stock market rallied today, with the FTSE 100 reaching a new intraday record high near 10,988. • The climb was driven by positive global market momentum, upbeat corporate earnings, and broad-based buying across the FTSE 250, 350, and All-Share indices.

• The FTSE 100 index rose today, mirroring a broader global rally in technology stocks. • The upward movement is driven by positive momentum in the tech sector, influencing the performance of major UK-listed companies.

• European stocks reached a record high on Friday, July 31, driven by strong corporate earnings and a global surge in investor appetite for technology shares. • The market rally persisted despite a volatile week characterized by critical central bank policy decisions and escalating hostilities in the Middle East.

• Eurozone government bond yields have entered a period of consolidation following a sharp sell-off in rates throughout July. • The stabilization is being driven by month-end buying activity, which has effectively capped the recent upward trend in yields.

• European equity markets, including the DAX, CAC, and FTSE100, traded higher on Thursday as strong corporate earnings helped offset investor uncertainty regarding U.S. interest rates. • France's INSEE reported a 0.2% expansion in gross domestic product for the second quarter, successfully reversing a 0.1% contraction seen in the first quarter.

• Asian stocks rallied significantly, led by South Korea's Kospi, which saw a 17% jump and record intraday gains as investors renewed bets on the AI trade. • Japan's Nikkei 225 rose over 4% and the Topix climbed 1.5%, contributing to a 3.6% increase in the MSCI Asia-Pacific Index.