Public Markets 3 Days

Last updated: July 3, 2026, 8:30 AM ET

Public Markets Briefing

Global Equities & Macroeconomic Trends

Global stocks rose and the dollar weakened as sentiment improved following cooler US jobs data. European indexes climbed on opening, buoyed by gains in industrials and a rebound in technology stocks. In Asia, South Korean equities jumped 5% after a turbulent prior week, underscoring investor skittishness surrounding the sustainability of the artificial intelligence boom. The AI trade itself is showing cracks in its foundation, with tech-heavy indexes experiencing volatility as doubts about the profitability of AI build-outs grow. Investors are closely tracking AI token prices for clues on the next moves in this sector. Meanwhile, the European Central Bank is in a good position following its June rate hike, with falling oil prices easing inflationary pressures across the euro zone. Switzerland’s inflation also slowed first time in eight months, indicating a pass-through of lower oil costs to its domestic economy.

Corporate & Deal Activity

The Adani Group has secured nearly $15 billion in capital