In brief: 


Falling US Inflation Sparks Hope: Last week's US CPI report revealed a quicker than expected drop in inflation, raising hopes for potential early Federal Reserve rate cuts, leading to a significant drop in US bond yields.

Global Political Developments Impact Markets: In France, Marine Le Pen's party did not secure a majority, easing concerns about a radical shift in politics, while the UK's better than expected GDP growth in May provided a slight economic uplift amidst ongoing fiscal policy discussions.


Anticipation of Global Rate Cuts: With the US possibly heading for rate cuts following encouraging inflation data, other global central banks, including the Bank of Canada and the Reserve Bank of New Zealand, signalled possible easing.


Read the update:https://www.investsense.com.au/industry-articles/us-inflation-decline-triggers-market-shift 

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