Five of the largest US banks reported second-quarter 2026 earnings on July 14, with investors watching for evidence of consumer resilience, credit quality, and the US interest rate outlook amid revived trading and dealmaking activity; JPMorgan Chase consensus EPS had been estimated at US$5.67 with revenue expected at US$50.5 billion, and the financial sector entered the reporting day with a bullish chart formation
US government debt securities issued by the US Department of the Treasury, the world's largest sovereign bond market and the global benchmark for risk-free borrowing costs.
full dossier ›Japan's statistics bureau reported Tokyo's core consumer price index gained 1.6% year-on-year in June, with services inflation crossing 1% for the first time in four months, meeting the Bank of Japan's stated threshold for the next rate hike
The US central bank sets interest rates for the US economy, making its rate decisions the most watched monetary-policy signal in global financial markets.
Japan's sovereign bond market, the world's second-largest by outstanding stock, where the Bank of Japan's decade-long dominance and ongoing exit make JGB yields a global-markets variable.
New chair Kevin Warsh holds at 3.5–3.75% but 9 of 18 officials project at least one hike by year-end as Iran-war energy inflation pushes CPI to 4.2%