Global Markets Navigate Stagflation Fears | Lubbock News

Asian markets mixed as Tokyo rose 0.3% on stronger-than-expected Q2 growth, while Hong Kong and Shanghai gained; South Korea closed for a holiday and Australia dipped. U.S. stocks pulled back from near-all-time highs after weaker consumer spending data raised questions about economic slowdown amid persistent inflation — fueling fears of stagflation. This week’s key clues come from major retailers’ earnings reports, which could reveal how consumers and businesses are coping. Oil prices wavered amid Middle East tensions over Strait of Hormuz, while currencies shifted with the dollar weakening against the yen and the euro gaining ground — all signaling a complex global economy under watch. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/48528e337e281a1c