Calendar Market

• European stocks remained steady on Monday, with the pan-European STOXX 600 holding its ground at 660.12 points. • Market stability follows a strong previous week where the benchmark climbed 1.7% to a record high, driven by strong corporate earnings and expectations of lower U.S. borrowing costs. • Current investor sentiment is being weighed down by elevated oil prices caused by uncertainty regarding the reopening of the Strait of Hormuz.

• A weekly financial calendar has been released highlighting key economic indicators and market insights for the second week of July. • Major events include the RBNZ Interest Rate Decision on Wednesday, July 8, and China's Inflation Rate report on Thursday, July 9. • These indicators are critical for market volatility, especially following the RBNZ's late May decision to hold the Official Cash Rate steady at 2.25%.

• The Reserve Bank of New Zealand held the Official Cash Rate steady at 2.25% during its most recent meeting in late May. • This marks the third consecutive meeting where rates remained unchanged, following a split decision among board members. • Governor Breman cast the deciding vote to maintain the current rate, signaling a cautious approach to monetary policy.