July 17, 2026

Major US stock indexes closed lower, and Eurozone inflation was +2.8% year-on-year in June

International

The main US stock indexes closed with widespread losses yesterday, in a day of profit-taking after recent gains. The Nasdaq led the declines with a drop of 1.5%, followed by the S&P 500, which fell 0.5%, while the Dow Jones Industrial Average declined 0.2%. Despite these movements, the three indexes maintain year-to-date gains of 11.4%, 10.1%, and 9.3%, respectively.

Regarding bond yields, the US Treasury yield curve showed slight increases yesterday. The 1-year Treasury note moved from 3.96% to 3.97%, while the 3-year Treasury note rose from 4.18% to 4.20%. Meanwhile, the 10-year Treasury note shifted from 4.55% to 4.56%.

Finally, regarding commodities, movements were mixed. Gold fell 2.1% to USD 3,973.3 per ounce. Soybeans dropped 0.7% to USD 438.6 per ton. In the energy market, WTI crude declined 0.8% to USD 78.9 per barrel, while Brent crude fell 0.9% to USD 84.2 per barrel.

On the subject of inflation, the Eurozone Consumer Price Index (CPI) for June was released this morning. The year-on-year change was +2.8%, in line with analysts' consensus and below the +3.2% recorded in May. Core inflation, which excludes energy and food, was +2.4% year-on-year, as expected by analysts and below the previous +2.6%. On a monthly basis, the overall index fell -0.1%, while the core measurement advanced +0.2%, both figures in line with the consensus of analysts.

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