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Golden Ten Data, July 7th — European stock markets edged down from record highs on Monday as investors digested a series of merger and acquisition announcements. The STOXX Europe 600 Index closed down 0.4%, with utilities and healthcare stocks leading the declines, while financial services and banking stocks performed best. The UK M&A market was particularly active that day. ITV Plc rose as much as 2.4% before trimming its gains after agreeing to sell its media and entertainment business to Sky. British low-cost airline easyJet accepted a takeover offer from private equity firm Castlelake LP, sending its share price up 9.3% to its highest level since 2022. The STOXX Europe 600 Index has risen over the past four weeks as falling oil prices eased inflation concerns and improved the outlook for European economic growth. A global rotation of funds from technology stocks into other sectors has also boosted European markets, while the upcoming second-quarter earnings season will be crucial in testing whether this rally can continue.

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BlockBeats News, July 7th - Federal Reserve Governor Waller stated that the Fed will not deliberately maintain low-interest rates to help the U.S. government finance its fiscal deficit. He mentioned that considering setting a target range for inflation is reasonable. Fed Chair Powell reiterated the commitment to the 2% target and expressed a preference for setting an inflation target as a range. However, he believes that adjusting the inflation target at this stage would undermine the Fed's credibility. (FXStreet)