-
U.S. indices ended the first session of the new week slightly higher, hovering near local highs. At the time of publication, the US500 was up 0.56%, the US100 gained 0.80%, and the US2000 rose 0.32%.
-
On the forex market, the U.S. dollar was the weakest currency, down roughly 0.3–0.6% on average. Meanwhile, the strongest performers were the euro (EUR) and Japanese yen (JPY). The EURUSD pair gained 0.53% to 1.16930.
-
The earnings season is entering a critical phase. While today’s releases were not particularly significant, later in the week we’ll see reports from key Big Tech firms and legacy “old economy” giants such as Coca-Cola, Lockheed Martin, Philip Morris, SAP, Alphabet, Tesla, and Nestlé.
-
The market also remains notably optimistic about trade negotiations approaching the key deadline of August 1st. Investors seem to be paying little attention to the growing uncertainty around U.S.–EU trade talks.
-
U.S. Commerce Secretary Howard Lutnick emphasized on Sunday that tariffs would take effect unconditionally on August 1st. On the other hand, Treasury Secretary Scott Bessent, when asked about the timing, stated that “the quality of trade deals matters more than deadlines.”
-
The European Union is preparing a retaliation plan against the U.S. With talks stalled, the EU plans to develop a rapid-response scenario in the coming days, including a potential tariff list worth up to €72 billion.
-
Producer price data in Canada showed a surprising month-over-month increase of 0.4%, versus expectations of a -0.1% decline. The USDCAD pair continues to drop, approaching a short-term support level.
-
Opendoor Technologies (OPEN.US) saw a sharp stock surge, gaining 178% over the past week and nearly 600% month-over-month. The rally was sparked by hedge fund manager Eric Jackson, who publicly backed Opendoor on social media, calling it a potential “100-bagger.”
-
NATGAS futures are down 7.80% today despite forecasts for above-average temperatures across most of the United States. Note that futures contracts will roll over after the July 22 session. Currently, there is a slight contango between the August and September contracts.
-
In the cryptocurrency market, euphoric investor sentiment continues. Bitcoin remains in consolidation between $117,000 and $118,000. Greater interest is being seen in Ethereum and altcoins.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
