Seema Shah Predicts Market Recovery Timeline from Iran Conflict

• The Federal Open Market Committee (FOMC) is scheduled to release the minutes from its June meeting next week. • Investors are looking for clues regarding what specific economic triggers could push a divided Committee toward further monetary tightening.

• Major US stock indexes saw mixed results on Thursday, July 2, 2026, as the S&P 500 remained largely unchanged. • Despite more than two-thirds of the stocks within the S&P 500 recording gains, the overall index was weighed down by significant drops in chip stocks and other AI-related winners.

• The U.S. dollar is projected to end the week with a loss following the release of soft payroll data. • Despite the decline, the dollar remains supported by hawkish signals from the Federal Reserve, including warnings from Kevin Warsh regarding the bank's commitment to a 2% inflation target.

• The Euro (EUR) fell nearly 0.5% to approximately 184.00 against the Japanese Yen (JPY) during Thursday's European trading session. • The decline follows a sudden surge in the Yen's value, which market analysts suspect is the result of direct intervention by Japanese authorities.

• Shares of Apple's Asian suppliers surged following reports that the company plans to increase iPhone production. • The rally reflects investor optimism regarding higher demand and increased order volumes for components.

• Asian markets rebounded as chipmakers recovered from a recent selloff and lower oil prices boosted investor sentiment. • Key gains included Indonesia’s Jakarta Stock Exchange Composite Index, which rose 2.2%, and Hong Kong’s Hang Seng, which climbed 1.4%.

• Europe's new digital Entry-Exit System (EES) for non-EU travelers is experiencing significant technical glitches and bottlenecks. • The system is causing long queues and passenger frustration during the onset of the peak summer holiday season.

• Robinhood (HOOD) shares rose 4.72% to $113.78, driven by bullish investor sentiment and news of global expansion. • The surge follows the rollout of a blockchain platform, tokenized equities, and the acquisition of WonderFi, alongside a product unveiling event in London.

• The FTSE 100 Index surged 174.53 points (+1.67%) to close at 10,652.87 on Thursday, July 2, 2026. • The rebound was driven by a wave of bargain hunting and sector rotation, which significantly lifted sentiment across the London market.

• The FTSE 100 rallied as signals of dovish interest rate policies offset a decline in oil prices. • Currys reported an 18% increase in annual profit, noting solid sales growth across the UK and Nordics at the start of the new financial year.

• European stocks and gold prices surged, with the FTSE 100 rising 174 points to 10,652, reaching a three-month high following disappointing US jobs data. • Halma continued its aggressive expansion by acquiring Dutch hospital software firm Itemedical for €23 million and Sweden's Naslund Medical for $45 million.

• Eurostat reported on July 2, 2026, that the EU27 real GDP index rose to 123.947 in 2025, up from 122.115 in 2024. • Nominal GDP for the region increased from approximately €16.22 trillion in 2024 to €16.9 trillion in 2025.