EconoTicker

Importance: Medium ★★

Israel’s CPI was unchanged month over month in June 2026, stronger than expectations for a 0.2% decline. Annual inflation slowed from 1.9% to 1.6%, but remained slightly above the 1.5% forecast.

Possible Market Effect: Lower annual inflation supports future monetary easing, although the stronger monthly result limits the dovish signal.

Market Condition and Sentiment:

Israeli Shekel: Neutral | Israeli Bonds: Cautiously Buyable

Q: What was Israel’s inflation rate in June 2026?

A: Inflation was 0.0% monthly and 1.6% annually.

Source: Israel Central Bureau of Statistics.

In Saudi Arabia, the inflation rate for June 2026 remained stable, with a month-over-month increase of 0.2%, matching both the forecast and the previous month's figure. Year-over-year, the inflation rate also held steady at 1.8%, slightly below the consensus estimate of 1.9%. Additionally, wholesale prices increased by 4.8% year-over-year, although this was lower than the forecasted 5.6% and up from the previous 4.6%. These figures indicate a consistent inflationary environment in the kingdom, with no significant surprises in the latest data.

Possible Market Effect: The steady inflation rates suggest a stable economic environment, potentially leading to a neutral market sentiment.

Q&A:

Q: What was the month-over-month inflation rate in Saudi Arabia for June 2026?

A: The month-over-month inflation rate was 0.2%.

Q: How did the year-over-year inflation rate in Saudi Arabia compare to forecasts in June 2026?

A: The year-over-year inflation rate was 1.8%, slightly below the forecast of 1.9%.

Market Sentiment: Neutral - The stable inflation rates indicate no immediate economic shocks.

On Tuesday, July 14, 2026, South Korea released its export and import price data for June. Export prices increased by 48.9% year-on-year, slightly below the forecast of 52.2% and up from the previous year's figure of 47.1%. Meanwhile, import prices rose by 20.6% year-on-year, also falling short of the expected 23% and down from the previous rate of 25.4%. These figures indicate a continuing trend of rising prices in the South Korean economy, although the growth rates are not meeting market expectations.

Possible Market Effect: Limited impact on the market due to low importance of the data.

Q&A:

Q: What were South Korea's export prices year-on-year in June 2026?

A: South Korea's export prices year-on-year in June 2026 were 48.9%.

Q: How did South Korea's import prices perform compared to forecasts in June 2026?

A: South Korea's import prices were 20.6%, which was below the forecast of 23%.

Market Sentiment: Neutral - The data shows rising prices but does not significantly alter market expectations.

In June 2026, Argentina reported a month-on-month inflation rate of 1.9%, slightly below the forecast of 2.5% and a decrease from the previous month's rate of 2.1%. Meanwhile, the year-on-year inflation rate stood at 33.5%, which was marginally lower than the expected 34.0% and an increase from the previous year's figure of 33.2%. These mixed results indicate ongoing inflationary pressures in the Argentine economy, although the month-on-month figure suggests a potential easing trend.

Possible Market Effect: The mixed inflation data may lead to cautious sentiment among investors, potentially influencing currency stability and interest rate expectations.

Q&A:

Q: What was the actual month-on-month inflation rate in Argentina for June 2026?

A: The actual month-on-month inflation rate was 1.9%.

Q: How does the year-on-year inflation rate in Argentina for June 2026 compare to forecasts?

A: The year-on-year inflation rate was 33.5%, slightly below the forecast of 34.0%.

Market Sentiment: Neutral - The mixed inflation results suggest uncertainty in the market regarding future economic conditions.

JPMorgan Chase & Co. (NYSE: JPM), the U.S. banking and financial services giant, reported stronger-than-expected second-quarter earnings on Tuesday, with shares opening lower before recovering after both earnings and revenue beat analyst forecasts.

The bank reported EPS of $7.70, well above the consensus estimate of $5.55. Revenue reached $57.35 billion, beating the $50.61 billion estimate and rising 28% from $44.91 billion in the same quarter last year.

However, the EPS figure included significant items worth $1.56 per share, mainly a $4.6 billion net gain related to Visa shares and $1.0 billion in gains on certain equity investments. Excluding these items, net income was $16.9 billion, up 13% year-on-year.

The strongest driver was elevated market activity. Markets revenue jumped 35% to $12.1 billion, while Equity Markets revenue surged 86%. Investment Banking fees rose 30% to $3.3 billion, reaching the highest level since 2021. Consumer & Community Banking revenue increased 8% to $20.3 billion, and Asset & Wealth Management revenue rose 19% to $6.9 billion.

CEO Jamie Dimon said the results reflected a favorable market environment, strong execution, consistent investment, and disciplined capital deployment. Morgan Stanley analyst David Chiaverini also noted solid loan and deposit growth, while pointing to higher revenue-related compensation and rising deposit costs as key pressure points.

Possible market effect:

The report is positive for JPMorgan Chase (JPM), supported by a major earnings and revenue beat, record revenue across business lines, strong market activity, and better investment banking momentum. However, part of the EPS beat came from one-time gains, while higher expenses and deposit costs may limit upside. Overall sentiment is bullish-to-neutral. JPM looks buyable on pullbacks or after confirmation of continued post-earnings strength, but chasing a sharp move may carry higher short-term risk.

Q: Did U.S. JPMorgan Chase beat Q2 earnings expectations?

A: Yes. JPMorgan reported EPS of $7.70, above the $5.55 consensus estimate.

Q: Did U.S. JPMorgan Chase beat Q2 revenue expectations?

A: Yes. Revenue reached $57.35 billion, above the $50.61 billion estimate.

Q: Why was JPMorgan’s Q2 EPS especially strong?

A: JPMorgan’s EPS was boosted by strong core business performance and significant items worth $1.56 per share, including gains related to Visa shares and certain equity investments.

Q: Is JPMorgan Chase stock buyable after the Q2 report?

A: The sentiment is bullish-to-neutral. The report supports the stock, but selective buying on pullbacks or after confirmation of momentum is safer than aggressive buying after the initial reaction.

Source: JPMorgan Chase second-quarter earnings report; Morgan Stanley analyst commentary.

Importance: Low ★

Israel’s M1 money supply grew 3.5% year over year in May 2026, accelerating from 2.6% previously. The Bank of Israel updated its M1 and monetary-base data on July 13.

Possible Market Effect: Faster narrow-money growth may support domestic liquidity but could add modest inflation sensitivity.

Market Condition and Sentiment: Israeli Shekel: Neutral

Q: How fast did Israel’s M1 money supply grow in May?

A: It increased 3.5% year over year.

Source: Bank of Israel.

On Tuesday, July 14, 2026, Singapore's Monetary Authority conducted two bill auctions, revealing stable yields. The MAS 12-Week Bill Auction yielded an interest rate of 1.47%, unchanged from the previous auction. Meanwhile, the MAS 4-Week Bill Auction reported a yield of 1.38%, slightly down from the previous rate of 1.4%. These results indicate a steady demand for short-term government securities amidst the current economic landscape in Singapore.

Possible Market Effect: The stable yields suggest a neutral market sentiment towards Singapore's short-term debt instruments, indicating investor confidence in the government's fiscal management.

Q&A:

Q: What was the yield for the MAS 12-Week Bill Auction in Singapore on July 14, 2026?

A: The yield was 1.47%.

Q: How did the yield for the MAS 4-Week Bill Auction change compared to the previous auction?

A: The yield decreased from 1.4% to 1.38%.

Market Sentiment: Neutral - The steady yields reflect consistent investor interest in Singapore's short-term bills.

Importance: Low ★

Singapore’s preliminary GDP increased 5.7% year over year in the second quarter of 2026, above the 5.5% forecast, but slower than the previous 6.3% growth. The quarterly reading was 1.0%, slightly below the 1.1% expectation and down from 3.9% previously.

The economy remains supported by manufacturing and AI-related electronics demand, although Middle East risks and higher energy costs continue to cloud the outlook.

Possible Market Effect: The annual result is mildly positive, but weaker quarterly momentum limits upside for the Singapore dollar and equities.

Market Condition and Sentiment:

Singapore Dollar: Neutral to Cautiously Buyable

Singapore Equities: Neutral

Q: Did Singapore’s annual GDP growth exceed expectations in Q2 2026?

A: Yes. Growth reached 5.7%, above the 5.5% forecast.

Source: Singapore Ministry of Trade and Industry.

Importance: Medium ★★

Israel’s exports rose to $5.98 billion in June from $5.57 billion, while imports increased to $10.20 billion from $9.74 billion. The trade deficit consequently widened slightly to $4.21 billion from $4.17 billion.

Possible Market Effect: The larger deficit may place limited pressure on Israel’s external outlook, although stronger exports partially offset the rise in imports.

Market Condition and Sentiment:

Israeli Shekel: Neutral to Cautiously Sellable

Q: What was Israel’s trade deficit in June 2026?

A: The deficit widened to $4.21 billion.

Source: Central Bureau of Statistics, Israel.

In May 2026, Turkey's retail sales increased by 2.4% month-over-month, significantly surpassing the forecast of 0.3% and recovering from a decline of 1.6% in the previous month. Year-over-year, retail sales rose by 13.7%, exceeding the expected growth of 9.0% and up from 11.7% in the previous year. This robust growth in retail sales suggests a rebound in consumer spending, which could bolster economic recovery.

Possible Market Effect: Neutral

Q&A:

Q: What was the month-over-month change in Turkey's retail sales for May 2026?

A: Turkey's retail sales increased by 2.4% month-over-month in May 2026.

Q: How did Turkey's retail sales perform year-over-year in May 2026?

A: Year-over-year, Turkey's retail sales rose by 13.7% in May 2026.

Market Sentiment: Neutral - The strong retail sales growth may indicate positive consumer sentiment, but the overall market impact remains cautious.

Turkey's current account deficit for May 2026 was reported at $-1.459 billion, slightly worse than the forecast of $-1.3 billion but a significant improvement from the previous month's deficit of $-5.616 billion. This narrowing of the deficit indicates a potential stabilization in Turkey's external balance, which may positively influence investor sentiment in the long term.

Possible Market Effect: Neutral

Q&A:

Q: What was Turkey's current account deficit in May 2026?

A: Turkey's current account deficit in May 2026 was $-1.459 billion.

Q: How does the current account deficit in May 2026 compare to the previous month?

A: The current account deficit in May 2026 improved from $-5.616 billion in the previous month.

Market Sentiment: Neutral - The slight miss on the forecast may not significantly impact market sentiment given the improvement from the previous month.

On Monday, July 13, 2026, South Korea conducted its 10-Year KTB Auction, yielding an interest rate of 4.255%. This figure represents an increase from the previous auction yield of 4.115%. The auction results indicate a slight upward trend in government bond yields, reflecting changing market conditions. However, the lack of a forecast or consensus suggests uncertainty among investors regarding future movements in the bond market.

Possible Market Effect: The increase in yield may lead to a cautious sentiment among investors, potentially affecting demand for government bonds.

Q&A:

Q: What was the yield for South Korea's 10-Year KTB Auction on July 13, 2026?

A: The yield was 4.255%.

Q: How does the latest yield compare to the previous auction?

A: The latest yield increased from the previous auction's yield of 4.115%.

Market Sentiment: Neutral - The slight increase in yield does not indicate a strong trend, leaving investors cautious.