Global Markets Volatile Ahead of FOMC Interest Rate Meeting

Global market sentiment fluctuated on July 24, 2026, as investors weighed crude oil price spikes, tech sector valuation concerns, and the possibility of interest rate hikes. Market participants expressed significant anxiety leading up to the Federal Open Market Committee meeting scheduled for July 29.

Trading results diverged by region. While European benchmarks and Wall Street futures showed gains, Asian markets ended the day heavily negative. South Korea's KOSPI experienced a sharp decline of 5.72%.

Commodities and currencies showed mixed movement. Crude oil prices declined by approximately 3% despite existing disruptions in transit routes. Meanwhile, the Dollar Index edged higher and most government bond yields eased.