Daily Market Overview - July 09, 2026

Thursday does not bring any high-impact macroeconomic events, which means there are no new impulses for the markets from this side. Nevertheless, investors should remain vigilant, as the absence of direct data does not imply a lack of activity in the financial markets. It is worth noting the investor sentiment, which still hovers around a state of fear, despite showing signs of gradual recovery.

Yesterday's decision to maintain the Official Cash Rate in New Zealand at 2.50% did not surprise market participants and aligns with the narrative of monetary policy stabilization, which affects the overall market sentiment. At the beginning of the week, the publication of the ISM Services PMI at 54.0, slightly below expectations, suggested a slight weakening in the services sector. The context of this data indicates a persistent state of uncertainty that influences investment decisions and investors' perception of risk.

Today's session, despite the lack of high-impact data, should be observed closely, especially in the context of upcoming data from Canada scheduled for Friday. Investors may anticipate shifts in market sentiment in response to any unexpected events, so it is wise to be prepared for potential fluctuations. The key takeaway for today is to maintain vigilance and readiness to respond quickly to any market changes, even on days devoid of significant macroeconomic releases.

Currently, mixed sentiments dominate the financial markets, as reflected in the fear and greed index, which stands at 42 points, remaining in the fear zone but with an upward trend. Over the past month, this index has increased by 12 points, suggesting that investors are becoming increasingly optimistic, though still cautious. The growing willingness to take risks may lead to increased volatility in the markets, especially during periods of ambiguous signals from the global economies.