Global markets face inflation pressures and geopolitical uncertainties as Fed signals potential rate hikes, oil prices surge on Strait of Hormuz blockade, and major corporate earnings loom this week.

US Federal Reserve officials signaled readiness to raise interest rates in the near term if inflation continues above target levels, with Fed Governor Christopher Waller stating a disappointing inflation reading this week could trigger prompt rate hike action.

Global oil prices topped $80 per barrel after President Trump reimposed a naval blockade on the Strait of Hormuz with a 20% fee on cargo, benefiting oil tanker stocks while creating broader energy market volatility.

Select Technologies Limited in Pakistan successfully raised Rs3.02 billion through its IPO on strong investor demand, reflecting confidence in the smartphone and consumer appliances manufacturing sector.

Pakistan's automotive sector demonstrated robust growth with car sales surging 39% in FY2025-26, driven by increased consumer purchasing power, improved bank financing, and expanded vehicle variants from manufacturers.

Major US bank earnings reports begin Tuesday, with Citigroup expected to show the greatest improvement among large banks, though the sector's 'cheap' valuations face scrutiny amid broader market uncertainties.

Tech stocks experienced significant weakness as SK Hynix suffered its worst trading day in 18 years in South Korea, triggering a sector-wide selloff in semiconductor stocks including Micron with volatility imported from Asian markets.

India held firm in US trade negotiations, rejecting a consensus agreement and demanding better terms as New Delhi leverages its strategic importance under PM Modi's stronger negotiating stance.

Pakistan's petroleum pricing committee proposed comprehensive reforms aimed at enhancing transparency and market stability, addressing concerns about pricing mechanisms amid global energy market uncertainty.

Billionaire investors concentrated on superior stocks in Q2, which marked a six-year best for US equities, with three specific sectors identified as poised to lead the next market leg higher.

California-led states filed lawsuits to block Paramount's proposed $110 billion merger with Warner Bros Discovery, signaling increased regulatory scrutiny of major media industry consolidation deals.