July 29, 2026

The Federal Reserve announces its interest rate decision on July 29, with markets overwhelmingly expecting a fifth straight hold at 3.50%-3.75%, though rising oil prices have fueled bets on a possible hike later in 2026.

Indian benchmark indices rose sharply on July 29, with the Sensex climbing more than 650 points and the Nifty moving above 24,150, led by technology heavyweights and supported by foreign and domestic buying.

Australia's consumer prices rose less than forecast in the second quarter and in June, softening the case for a Reserve Bank interest rate hike and pushing the Australian dollar lower ahead of the August policy meeting.

The Bank of Japan is widely expected to keep its benchmark rate at 1% at its meeting ending July 31, with attention on an upgraded growth outlook and Governor Ueda's guidance as the yen trades near a four-decade low.

The Bank of England is expected to keep its base rate at 3.75% on July 30 alongside a new Monetary Policy Report, even as markets bet that stubborn services inflation could push rates higher over the coming year.

The Bank of Canada releases the summary of deliberations on July 29 explaining its July 15 decision to hold rates at 2.25%, offering insight into how policymakers weighed a fragile recovery against inflation risks.

France's largest bank reported its strongest quarterly revenue growth in a decade, with second-quarter net profit up about a third and its core capital ratio reaching a 13% target well ahead of schedule.

Euro area annual inflation slowed to 2.8% in June from 3.2% in May, the first decline since prices began accelerating early in the year, with Germany at 2.4% and France at 2.0% as the ECB considers its next step.

The Dubai International Financial Centre reported record first-half performance in 2026, adding companies, jobs and assets under management even as conflict in the region weighed on the broader outlook.

The UAE central bank has granted e& money a finance company licence, allowing millions of users of the telecom-backed app to access credit and loan products directly through their phones.

US equities were mixed heading into the Federal Reserve decision, with the Dow holding up while the Nasdaq struggled through a bout of selling in semiconductor stocks amid stretched valuations.

Businesses in the UAE are increasingly seeking war-risk and political-violence insurance as renewed conflict in the region raises concerns about shipping, aviation and property exposures.

The Reserve Bank of India has set out a wide-ranging agenda for 2026-27, including a review of the RBI Act and a next-generation core banking system, e-Kuber 3.0, alongside a new alternative payment system.

New tax-advantaged Trump Accounts for American children are now rolling out following their July 4 launch, offering a $1,000 government deposit for eligible newborns and room for family and employer contributions.

South Korea's stock market has led regional gains in 2026, buoyed by a semiconductor and artificial intelligence boom, though the won has come under pressure and profit-taking has capped some of the advance.