📆 Wednesday, July 31
► Global stocks rose worldwide, supported by strong gains in chipmakers after a report that the US will exempt allies from new China chip restrictions, and the Bank of Japan raised its benchmark interest rate to its highest level since 2008 at the start of a crucial day for markets.
► Japanese chipmaker Tokyo Electron led the gains among Asian technology stocks, while Amsterdam-based ASML Holding NV rose by up to 11%. Technology stocks also recovered in other countries. Microsoft narrowed its losses after reporting disappointing results from its cloud business, which overshadowed the slight overall gains in both divisions for the fourth quarter. AMD, on the other hand, rebounded after reporting strong growth. AMD announced that it sold more than $1 billion of its MI300 chips this quarter and that the data center category grew 115% year-over-year. Other inflation data from the Eurozone is also released, including Eurozone Inflation.
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