- Bullish move in the Chinese stock market improved sentiment in the Europe. The PBoC rate cut supported a nearly 2% rebound in Hang Seng futures. After a successful session in Asia, the European session saw gains in major stock benchmarks; Germany's DAX gained nearly 1.3%. Despite that Ryanair shares dropped nearly 17% today after disappointing financial results for the second quarter of the year.
- Indices on Wall Street are posting solid gains today, with the Nasdaq 100 leading the way on the upside, trading up 1.5%. The S&P500 is gaining more than 1%, and the Russell 2000 is up almost 1%. Nvidia is gaining more than 4.4% today on a wave of reports that it is potentially designing B20 chips to meet sales requirements for the Chinese market.
- Semiconductors stocks are also higher, with Lam Research rising over 5%. Shares of Tesla and Alphabet gains 5% and 2% ahead of tomorrow scheduled earnings (after the US session)
- Verizon's financial results came as a disappointment to Wall Street. The company reported revenue slightly below forecasts and earnings per share in line with expectations
- CrowdStrike shares deepen declines and lost nearly 13% today. At the same time, Sentinel One gains nearly 8% on the back of an expected increase in cybersecurity market share
- The Chicago Fed regional index came in above expectations; at 0.05 versus -0.09 forecast and 0.23 (revised) previously
- Natural gas gains nearly 6% today, after NOAA updated weather forecasts for the U.S., where an unexpected heat wave is expected for the North, Northeast and Midwest US regions, suggesting higher heating demand
- Cocoa futures are gaining nearly 7% by rising concerns about the future of the West African crop.
- In the currency market, the weakest G10 currency today is the Australian dollar, losing -0.6%. The New Zealand dollar is also recording declines, with a -0.5% drop.
- Cryptocurrencies are seeing limited volatility today, with Bitcoin losing -1%. Traders are slowly preparing for tomorrow's debut of Ethereum ETFs and Trump's speech, planned on Bitcoin Conference in Nashville on Saturday, July 27
من بناء القطاعات لتسريع النمو.. «الرميان» يكشف ملامح تحول استراتيجي للصندوق السيادي السعودي
عمومية «باركن» تقر توزيعات نصفية 11.46 فلس عن النصف الثاني 2025
عمومية إعمار للتطوير تقر توزيع 4 مليارات درهم أرباحاً نقدية
التقويم الاقتصادي: نهاية هادئة للأسبوع بالنسبة للأسواق
