{"id":11682,"date":"2025-07-21T15:18:00","date_gmt":"2025-07-21T15:18:00","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11682"},"modified":"2025-07-21T15:20:17","modified_gmt":"2025-07-21T15:20:17","slug":"sib-global-markets-weekly-market-brief-21-july-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-21-july-2025\/","title":{"rendered":"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 21 July 2025"},"content":{"rendered":"\n
SIB Weekly GM Brief 21 Jul 2025<\/a>Download<\/a><\/div>\n\n\n\n

Highlights<\/h4>\n\n\n\n

U.S. market bulls charged forward in the week, reversing the previous week\u2019s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data. Earnings season began in earnest on Tuesday with several big banks reporting earnings. JP Morgan Chase, the largest U.S. bank, and Citigroup both reported better-than-expected results for the second quarter. Then on Thursday, well-known consumer-facing names such as PepsiCo, United Airlines, and Netflix released reports that beat forecasts. However, reports emerged on Wednesday that President Trump intended to fire the chair of the Federal Reserve, Jerome Powell, dampening the upbeat mood in the markets, but the move was quickly reversed when Trump said he wasn\u2019t going to remove Powell. President Trump, along with a significant number of Republicans, have made repeated calls for the removal of Mr. Powell as the Chair of the Fed, citing multiple policy errors and alleged misuse of funds. Powell\u2019s term officially ends in May 2026\u2014just 10 months from now\u2014 but that\u2019s far too long for them. The President posits that the Fed Chair is unnecessarily slowing down the growth of the U.S. economy while Mr. Powell and several members of the Federal Open Market Committee (FOMC) maintain that the inflationary effects of the U.S. trade policy shifts are yet to be seen and the policy rate is at a \u201cgood place\u201d for the committee to respond in case of any material shocks. Financial markets are increasingly aware that whether Powell stays until May or not, Trump and the Senate intend to appoint officials who will aggressively cut rates which is piling upward pressure on long-term yields and precious metals. In the U.K., labour market data showed continued softening, with payroll employment slipping, job vacancies declining for a third year, and unemployment ticking up to 4.7%. Wage growth, though still elevated, showed signs of slowing. In addition to this, June inflation surprised to the upside at 3.6%, topping forecasts further complicating the Bank of England\u2019s rate path. Traders have trimmed expectations but still anticipate two cuts in 2025, as the BoE walks a tightrope between cooling wage dynamics and persistently sticky inflation. Japan\u2019s stock markets registered modest gains over the week, with the Nikkei 225 Index rising 0.63% although the Returns were capped by political uncertainty ahead of Japan\u2019s Upper House election on July 20, where a possible outcome could be that Prime Minister Shigeru Ishiba\u2019s ruling Liberal Democratic Party-Komeito coalition-fails to retain majority control. Investors\u2019 focus is likely to be on how pro-economy and reformative the new cabinet will be, as well as how dovish or hawkish a fiscal policy it adopts.<\/p>\n\n\n\n

Data Highlights<\/h5>\n\n\n\n

Canada\u2019s inflation rate rose to 1.9% in June, matching analysts\u2019 expectation. The Consumer Price Index in the U.S for June showed that inflation rose to 2.7% also matching market expectation. In the U.S the retail sales rose to 3.9% in June, this came in higher than analyst\u2019s expectation of a 3.6% rise. In the U.K the inflation rate rose to 3.6% in June, higher than the analysts\u2019 forecast of 3.4%. In the Eurozone the inflation rate rose by 2% as expected by market analysts. Japan inflation rate reduced to 3.3% in June, from a high of 3.7% in the previous month. In Australia the unemployment rate rose to 4.3% in June, the figure came in above market expectation of 4.1%.<\/p>\n\n\n\n

Week Ahead<\/h5>\n\n\n\n

Eurozone Interest Rate Decision, Canada Retail Sales \u2013 Thursday | U.K Retail Sales YoY \u2013 Friday<\/p>\n\n\n\n

Read Full Report<\/h5>\n\n\n\n
SIB Weekly GM Brief 21 Jul 2025<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights U.S. market bulls charged forward in the week, reversing the previous week\u2019s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data. Earnings season began in earnest on Tuesday with several big banks reporting earnings. JP Morgan Chase, the largest U.S. bank, and Citigroup both reported better-than-expected…<\/p>\n","protected":false},"author":4,"featured_media":11164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[172,1],"tags":[122,162,67,118,195,116,140,139],"class_list":["post-11682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets-reports","category-weekly-reports","tag-commodities","tag-cpi","tag-equities","tag-fed","tag-gold","tag-sp-500","tag-treasury-yields","tag-trump"],"yoast_head":"\nSIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 21 July 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"U.S. market bulls charged forward in the week, reversing the previous week\u2019s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-21-july-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 21 July 2025\" \/>\n<meta property=\"og:description\" content=\"U.S. market bulls charged forward in the week, reversing the previous week\u2019s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-21-july-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-21T15:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-21T15:20:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Edward Kalaghe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 21 July 2025\" \/>\n<meta name=\"twitter:description\" content=\"U.S. market bulls charged forward in the week, reversing the previous week\u2019s drop and reaching new record highs supported by solid corporate earnings reports and generally favourable economic data.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/05\/SIB-Weekly-Global-Markets-Report.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Kalaghe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-21-july-2025\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-market-brief-21-july-2025\/\",\"name\":\"SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 21 July 2025 - 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