-
Wall Street sentiment remains mixed as investors react differently to key earnings reports. The S&P 500 and Nasdaq are currently up around 0.3%, while the Dow Jones and Russell 2000 are down 0.4% and 1.1%, respectively.
-
IBM (IBM.US) posted mostly better-than-expected results, but weakness in its core software segment disappointed investors and raised concerns about the company’s ability to raise its revenue outlook for H2 2025. The stock is down 7.7%.
-
Honeywell (HONE.US) beat Q2 2025 expectations, reporting EPS of $2.75. Revenue rose 8% to $10.35 billion, driven by growth in the Building Automation and Defense segments, which held up despite margin pressures.
-
UnitedHealth (UNH.US) is down nearly 4% after the U.S. Department of Justice launched an investigation into its Medicare billing practices. The company faces allegations of potential fraud related to inflated diagnoses.
-
Chevron (CVX.US) received White House approval to continue oil production in Venezuela. The decision is part of broader U.S.–Venezuela negotiations, which also included a prisoner exchange.
-
PMI indicators for the U.S. sent mixed signals about private sector conditions. Growth came primarily from the services sector, where both employment and orders rose. In contrast, the manufacturing sector unexpectedly contracted (49.5 vs. 52.7 expected, prior 52.9) due to tariffs and rising labor costs.
-
New jobless claims again came in below expectations (217K vs. 227K forecast, prior 221K), aligning with the Fed’s narrative of a stable U.S. labor market.
-
The European Central Bank kept interest rates unchanged, in line with expectations (deposit rate at 2%). Inflation is seen as on track to meet the medium-term target, and Q2 economic activity exceeded forecasts thanks to strong exports ahead of new tariffs. ECB President Christine Lagarde said the current rate level is appropriate, and the bank may wait before any policy changes. Markets currently price in no rate cuts for 2025.
-
On the forex market, the euro is strengthening following a de facto pause in the easing cycle (EURUSD: +0.03% to 1.177, EURJPY: +0.2%, EURGBP: +0.5%, EURCHF: +0.2%). The U.S. dollar is firming mainly against safe-haven currencies like the franc (USDCHF: +0.3%) and the yen (USDJPY: +0.25%).
-
Precious metals are pulling back amid rising risk appetite. Gold is down 0.5% to $3,371/oz, silver down 0.55% to $39.07/oz, and platinum down 1% to $1,413/oz.
-
NATGAS is rebounding 0.9% after today’s EIA report, while Brent and WTI crude are trading relatively flat at $67.9 and $65.6 per barrel, respectively.
-
Cryptocurrencies are in the green: Bitcoin is up 0.9% to $119,400, Ethereum up 3.8% to $3,733. Gains are also seen in Chainlink (+3%), Ripple (+3.1%), and Polygon (+1.6%).
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
