Weekly economy wrap: Energy relief, slower PMI, monsoon concerns mark week

• Several major stocks, including HDFC Bank, Kotak Mahindra Bank, Yes Bank, Axis Bank, Dabur, and Godrej Consumer Product, are expected to be in focus during Thursday's trading session. • Vedanta Power reported a significant 38% year-on-year surge in power sales for the first quarter, totaling 5,225 million units.

• ING analysts are monitoring the US Dollar Index and various currency pairs, including EUR/USD and USD/JPY, as markets seek further insights into Federal Reserve policy this week. • The analysis suggests the British Pound may lose recent gains if the Bank of England maintains current interest rates for the remainder of the year.

• Indian stock markets are expected to be driven this week by crude oil price fluctuations, global trends, and the upcoming earnings report from Tata Consultancy Services (TCS). • Analysts highlight that the progress of the southwest monsoon and kharif sowing will be critical indicators for rural demand, inflation, and overall economic growth.

• The UK stock market opened higher on July 6, 2026, with the FTSE 100 climbing above the 10,700 mark. • Gains were primarily driven by the defence and airline sectors, alongside strength in banking and mining shares.

• Tech stocks experienced a rebound as dip buyers returned to the market, driven by speculation that the artificial-intelligence trade still has significant growth potential. • The Nasdaq 100 climbed 1.3%, with Broadcom Inc. seeing a notable jump following the expansion of its partnership with Apple Inc.

• EasyJet shares surged following an agreement to be acquired by Castlelake in a takeover deal valued at £5.2 billion. • The FTSE 100 experienced a dip as a significant rout in mining stocks offset the positive momentum generated by the M&A activity.

• European economic and political leaders gathered for three days at France’s annual economic forum in Aix-en-Provence to debate the continent's future. • The discussions focused on Europe's struggle to maintain its position and economic stability while caught in the geopolitical tension between the US and China.

• The UK stock market opened with gains, with the FTSE 100 edging up 0.07% to 10,485.84 points, while the FTSE 250 and FTSE All-Share also traded in positive territory. • Market growth was primarily driven by strong performance in banking and mining stocks, alongside increased corporate merger and acquisition activity.

• Wall Street ended the holiday-shortened week of July 6, 2026, with mixed closing results. • Major indices saw significant weekly gains, with the Nasdaq Composite rising 2.1%, the Dow climbing 2%, and the S&P 500 increasing by 1.8%.

• Nasdaq futures climbed on July 6, 2026, as technology stocks rebounded following the holiday weekend. • Investors are returning to the market with a focus on identifying key catalysts that could drive further growth in the tech sector.

• The ASX 200 index opened higher on Monday, gaining ground despite mixed corporate news and futures suggesting a weaker start. • Market growth is being driven by stabilizing consumer sectors and easing expectations for further interest rate hikes.