Global stock markets faced volatility in July due to a number of factors, among them:
- Renewed hostilities between the United States and Iran following the end of the ceasefire;
- Rising oil prices, fuelling renewed concerns about inflation and the increased likelihood of a US interest rate increase in September;
- Selling pressure on technology and artificial intelligence (AI) stocks due to concerns that higher costs will impact earnings;
- The US announcing new tariffs on 60 countries.
