This week's financial landscape is shaped by Kamala Harris’s record-breaking campaign fundraising, Walmart’s strategic exit from JD.com, and rising market anticipation of the Federal Reserve's rate decisions. Meanwhile, geopolitical tensions and shifts in Asia's economic policies continue to impact global trade and investment flows. Key developments include strong South Korean exports, potential Canadian rail strikes, and the ongoing effects of inflationary pressures in Australia and Europe.
Former President Obama’s speech at the Democratic National Convention bolstered Kamala Harris's campaign. Walmart plans to sell JD.com shares, ending an 8-year partnership, while Chinese cities slashing new home prices stir market fears. The Fed’s anticipated rate cuts drive aggressive bond trading. In international news, U.S. and Israeli officials work on Gaza ceasefire talks, and Japan’s export growth accelerates, fueled by a weaker yen.