Week of 27 July 2026
Weekly markets 27 07 2026
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Central banks lined up to hold rates this week: the ECB at 2.25%, the Fed for a fifth straight meeting, the Bank of England at 3.75%, all wary of Brent crude's brief return to $100 a barrel after Houthi attacks on Saudi tankers reignited fears over the Strait of Hormuz. We cover what's driving the caution, and why US 30-year Treasury yields just hit their highest level since 2007. On the micro side, hedge funds pulled in a record $1.3tn from index-rebalancing trades last quarter, led by SpaceX's Nasdaq 100 inclusion. In China, memory chip maker CXMT surged 466% on its Shanghai debut, briefly becoming the country's most valuable company.
