Global stock rally slows in Asia due to uncertainty over Federal Reserve’s plans. MSCI All Country World Index drops 0.2%. US jobless claims fall for sixth consecutive week, lowering expectations for rate cuts. Firms advise buying hedges to protect against potential losses. Major indexes surge, with S&P 500 hitting 10th record in 19 days. UK retail sales grow by 0.9% in June, bouncing back from May’s drop. European stocks fall on mixed earnings and trade talk uncertainty. Currency power balance shifts as trade deals boost risk appetite. Gold dips, oil holds steady as trade optimism offsets supply concerns.

Read more at Investing.com: UK Retail Sales Gets Summer Boost, Trade Deal Optimism Wanes and FTSE 100 Steady