Daily summary: Wall Street recovers at the end of the week 🔔

U.S. indices ended the week on an optimistic note. At today's session opening, there was a rise primarily in smaller-cap companies. However, sentiment also returned to large companies as the session progressed. The US500 gained 1.40% to 5520 points, US100 1.50% to 19270 points, and the smaller-cap index US200 increased 1.10% to 2270 points.

In Europe, there were attempts to recover from the week's downward pressure. The German DAX closed the intraday session up 0.68%, the French CAC40 added 1.22%, and the British FTSE 100 gained 1.21%.

Better performance from companies Hermes and Essilor Luxottica today bolstered sentiments in the European and global fashion markets.

U.S. PCE data came in line with expectations, triggering no significant market reaction. On one hand, there were positive surprises in core data, broadly offset by a low personal income reading. U.S. treasury yields fell after the data release.

Final UoM data indicate slightly higher inflation expectations in the long term. The July report showed a slight increase in consumer sentiment to 66.4 points. One-year inflation expectations remained at 2.9%, while five-year expectations rose slightly to 3.0%.

In the FX market, Antipodean currencies and the British pound performed best today. The Swiss franc, however, remained under selling pressure.

Charter Communications shares surged nearly 15% in today's session after the company reported second-quarter results that exceeded analysts' expectations.

3M recorded a solid second quarter, with adjusted earnings per share rising to $1.93 from $1.39 a year earlier, surpassing analyst expectations of $1.68 per share.

In the energy commodities market, we observe declines. WTI oil lost 1.2%, while natural gas was down 2.35%.

Precious metals fared better today. Gold gained 0.9%, maintaining a long-term upward trend marked by the 50-day EMA.

Bitcoin also saw solid growth of 2.50%, with its price rising to $67,400. Optimistic sentiments also prevailed in the sector of smaller projects. Ethereum gained 2.30% to $3250, rebounding strongly after the introduction of spot ETFs.

The Altcoin sector, excluding BTC and ETH, gained 2.60% in market cap today, slightly more than Bitcoin. Investor attention is focused on niche AI projects.