Friday started in decent moods after strong earnings from US tech stocks but ends in an uncontrolled panic, especially in Europe where stocks tank between 2 and 2.5%. Investors are faced with virus uncertainty and the data released today (GDP contraction in France and Italy, Chicago PMI lowest in 4 years) shows that the economy has been struggling even before the virus impact. DE30 sees the worst sell-off since early December and is just a notch above the key support zone of 12900 points. We warned few days ago that a false break-out looked similar to the one from July and this is the scenario that seems to be unfolding now.

Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)
Three markets to watch next week (24.07.2026)
US OPEN: Nasdaq hits 1-month low! Geopolitics bring AI trade down!
Market Wrap: European Stocks Are Trying to Rebound as the Week Comes to an End💡