What’s worth watching today?
Today’s macroeconomic calendar is very light (only the Romanian Monetary Policy Committee’s decision at 14:00), so geopolitics is driving the market. Brent crude is rising to around USD 84 per barrel following Iran’s tightening of the conditions for reopening the Strait of Hormuz (lifting of sanctions, end of the blockade, suspension of military operations). Furthermore, the attack on a vessel linked to ADNOC and the Houthi strike on the Aramco refinery in Jazan are opening up a genuine second front in the conflict.
Volatility is currently evident across selected instruments, just before the start of the European trading session. Source: xStation
Trump is focusing on economic pressure rather than new air strikes, which reduces the chances of a deal on the Strait of Hormuz. The BoJ is signalling the risk of excessive inflation and a possible interest rate rise in September – the yen is slightly weaker, whilst other currencies are trading within narrow ranges. Asian stock markets are rising following Friday’s weaker US payrolls figures, which have dampened expectations of rapid Fed rate rises.
European market open and weekly outlook – corporate calendar
DAX and Euro Stoxx 50 futures point to a slightly higher opening despite rising oil prices.
The week picks up pace on Wednesday (CPI: Germany/US) and Thursday (CPI: Poland, GDP: UK), and concludes with Friday’s data from the US and the Eurozone. Source: XTB
The key companies set to report their results this week include Cisco and Applied Materials. Source: XTB
Morning Wrap: No Breakthrough in the Strait of Hormuz; Investors React to Berkshire Hathaway's Earnings
Daily summary: Dollar rout after NFP, Gold back on the rise
Three markets to watch next week (07.08.2026)
Who Will Surprise With Earnings Next Week? (07.08.2026)
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 clientās 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 clientās 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.
