๐ Softer-than-expected U.S. inflation boosted risk appetite across global markets.
๐บ๐ธ June CPI rose 3.5% YoY, below the 3.8% consensus, while Core CPI increased 2.6% YoY.
Global equities rallied, with South Korea's KOSPI up around 6%, while strong U.S. bank earnings supported further gains. Crypto also moved higher, with bitcoin:native briefly reclaiming $65,000 and ethereum:native outperforming.
Markets are now weighing improving macro conditions against ongoing Middle East geopolitical risks. The next key focus is whether capital flows can support a sustained breakout.